4//SEC Filing
Tytel Howard J 4
Accession 0001209191-11-035586
CIK 0000793044other
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 5:19 PM ET
Size
22.0 KB
Accession
0001209191-11-035586
Insider Transaction Report
Form 4
CKX, Inc.CKXE
Tytel Howard J
DirectorSr Ex VP and Dir Legal Gvt Aff
Transactions
- Gift
Common Stock, par value $0.01 per share
2011-02-11−20,000→ 2,635,494 total - Gift
Common Stock, par value $0.01 per share
2011-03-07−25,000→ 2,580,494 total - Gift
Common Stock, par value $0.01 per share
2011-03-07−10,000→ 2,605,494 total - Disposition to Issuer
STOCK OPTION
2011-06-16−125,000→ 0 totalExercise: $5.56Exp: 2020-03-19→ Common Stock, par value $0.01 per share (125,000 underlying) - Gift
Common Stock, par value $0.01 per share
2011-02-11−10,000→ 2,655,494 total - Disposition to Issuer
STOCK OPTION
2011-06-16−100,000→ 0 totalExercise: $4.19Exp: 2019-03-13→ Common Stock, par value $0.01 per share (100,000 underlying) - Gift
Common Stock, par value $0.01 per share
2011-03-07−20,000→ 2,560,494 total - Disposition from Tender
Common Stock, par value $0.01 per share
2011-06-16$5.50/sh−1,944,188$10,693,034→ 606,306 total - Gift
Common Stock, par value $0.01 per share
2011-02-11−20,000→ 2,615,494 total - Gift
Common Stock, par value $0.01 per share
2011-04-21−5,000→ 2,555,494 total - Gift
Common Stock, par value $0.01 per share
2011-04-21−5,000→ 2,550,494 total
Footnotes (4)
- [F1]Shares of Common Stock tendered into the tender offer launched by CKx Entertainment Offeror, LLC (f/k/a/ Colonel Offeror Sub, LLC) on May 18, 2011 to acquire all of the outstanding shares of Common Stock, par value $0.01 per share, at a purchase price of $5.50 per share, net to the seller in cash, without interest and less any required withholding taxes.
- [F2]Includes (a) 182,044 shares of Common Stock held of record by Mr. Tytel and Sandra Tytel, Mr. Tytel's spouse, as joint tenants with rights of survivorship; (b) 419,262 shares of Common Stock owned of record by the Sandra Tytel 1998 Trust for the benefit of Jennifer Tytel and (c) 5,000 shares of Common Stock owned of record by the Tytel Family Foundation.
- [F3]This stock option granted under the Issuer's 2005 Omnibus Long-Term Incentive Compensation Plan, and which provided for vesting in one-fifth annual increments beginning on March 13, 2010, was cancelled at the time Colonel Merger Sub, LLC accepted for payment the Common Shares tendered into the tender offer pursuant to the Agreement and Plan of Merger among the Issuer, CKx Entertainment, Inc. (f/k/a Colonel Holdings, Inc.) and Colonel Merger Sub, Inc., in exchange for a cash payment of $1.31 per share, representing the difference between the exercise price of $4.19 and the offer price of $5.50 per share.
- [F4]This stock option granted under the Issuer's 2005 Omnibus Long-Term Incentive Compensation Plan, and which provided for vesting in one-fifth annual increments beginning on March 19, 2011, was cancelled at the time Colonel Merger Sub, LLC accepted for payment the Common Shares tendered into the tender offer pursuant to the Agreement and Plan of Merger among the Issuer, CKx Entertainment, Inc. (f/k/a Colonel Holdings, Inc.) and Colonel Merger Sub, Inc., in exchange for a cash payment of $0 per share, as the exercise price of $5.56 was in excess of the offer price of $5.50 per share.
Documents
Issuer
CKX, Inc.
CIK 0000793044
Entity typeother
Related Parties
1- filerCIK 0001316684
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 5:19 PM ET
- Size
- 22.0 KB