Wiborg Steven M 4
4 · Burger King Worldwide, Inc. · Filed Mar 5, 2013
Insider Transaction Report
Form 4
Wiborg Steven M
Executive Vice President
Transactions
- Other
Common Stock
2013-03-01$18.25/sh+9,863$180,000→ 119,591 total - Other
Option (Right to Buy)
2013-03-01+32,876→ 32,876 totalExercise: $18.25From: 2017-12-31Exp: 2023-02-20→ Common Stock (32,876 underlying)
Holdings
- 1,060,525
Option (Right to Buy)
Exercise: $3.54From: 2015-10-19Exp: 2021-02-02→ Common Stock (1,060,525 underlying) - 211,658
Option (Right to Buy)
Exercise: $3.54From: 2016-12-31Exp: 2022-02-20→ Common Stock (211,658 underlying)
Footnotes (3)
- [F1]The shares reported represent shares of common stock purchased from Issuer in connection with Issuer's 2012 Bonus Swap Program under its 2012 Omnibus Incentive Plan. The reporting person elected to use either 25% or 50% of his/her 2012 net bonus to purchase common stock and to receive a matching grant of stock options based on an exercise price of $18.25 per share times a multiple based on the reporting person's position level with the Issuer ("Options Multiplier"). The Options Multiplier was 1.0 for vice presidents, 1.5 for senior vice presidents and 2.0 for executive vice presidents.
- [F2]Pursuant to the Issuer's 2012 Omnibus Incentive Plan, the purchase price of the shares and the exercise price of the options under the 2012 Bonus Swap Program is the last trading price of a share of Issuer's common stock on the New York Stock Exchange on the trading day immediately preceding the grant date, in this case March 1, 2013.
- [F3]The Issuer granted the options to the reporting person in connection with its 2012 Bonus Swap Program under Issuer's 2012 Omnibus Incentive Plan. The reporting person elected to use either 25% or 50% of his/her 2012 net bonus to purchase common stock and to receive a matching grant of stock options based on an exercise price of $18.25 per share times a multiple based on the reporting person's position level with the Issuer ("Options Multiplier"). The Options Multiplier was 1.0 for vice presidents, 1.5 for senior vice presidents and 2.0 for executive vice presidents.