Gray Adam 4
4 · BENIHANA INC · Filed Jan 6, 2012
Insider Transaction Report
Form 4
BENIHANA INCBNHN
Gray Adam
Director
Transactions
- Exercise/Conversion
Common Stock
2012-01-04$7.55/sh+6,667$50,336→ 2,617,563 total(indirect: See Footnote) - Exercise/Conversion
Option to buy
2012-01-04−6,667→ 3,333 total(indirect: See Footnote)Exercise: $7.55From: 2011-03-28Exp: 2020-09-28→ Common Stock (6,667 underlying)
Footnotes (2)
- [F1]These securities are held directly by (a) Coliseum Capital Partners, L.P., an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser, and (b) Blackwell Partners, LLC ("Blackwell"), a separate account investment advisory client of CCM. Christopher Shackelton and Adam Gray manage CCM and CC. Each of Christopher Shackelton, Adam Gray, Blackwell, CCP, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein. Adam Gray is a member of the board of directors of Benihana Inc.
- [F2]These options were received by Coliseum Capital Partners, L.P. ("CCP") pursuant to an agreement under which Adam Gray assigned to CCP the right to receive all compensation (including equity compensation) that Mr. Gray would otherwise receive as a director of Benihana.