RITTENHOUSE THOMAS S 4
4 · A.C. Moore Arts & Crafts, Inc. · Filed Nov 21, 2011
Insider Transaction Report
Form 4
RITTENHOUSE THOMAS S
Director
Transactions
- Disposition from Tender
Common Stock, no par value
2011-11-17$1.60/sh−65,824$105,318→ 0 total - Disposition to Issuer
Director Stock Option (Right to Buy)
2011-11-18−3,500→ 0 totalExercise: $20.37From: 2008-02-20Exp: 2014-02-20→ Common Stock (3,500 underlying)
Footnotes (3)
- [F1]On November 17, 2011, Sbar's Acquisition Corporation ("Sbar's"), an affiliate of Nicole Crafts LLC and Sbar's, Inc., accepted for purchase in a tender offer the reporting person's shares of common stock, no par value ("Shares"), of A.C. Moore Arts & Crafts, Inc. ("A.C. Moore") at a price per share of $1.60, net to the reporting person in cash, without interest thereon, subject to any required withholding of taxes. The transaction is more fully described in the Solicitation/Recommendation Statement on Schedule 14D-9 initially filed by A.C. Moore with the Securities and Exchange Commission on October 18, 2011, as subsequently amended. Sbar's purchased the Shares on November 18, 2011.
- [F2]1,000 Shares held jointly by the reporting person and his spouse.
- [F3]This option was cancelled in connection with the merger of Sbar's with and into A.C. Moore on November 18, 2011.