CARMIKE CINEMAS INC 4
4 · CARMIKE CINEMAS INC · Filed Dec 21, 2016
Insider Transaction Report
Form 4
Berkman Jeffrey Warren
Director
Transactions
- Exercise/Conversion
Common Stock
2016-12-21$6.60/sh+5,000$33,000→ 23,959 total - Disposition to Issuer
Common Stock
2016-12-21−22,970.98→ 0 total - Tax Payment
Common Stock
2016-12-21$33.40/sh−988.02$33,000→ 22,970.98 total - Exercise/Conversion
Stock options
2016-12-21−5,000→ 0 totalExercise: $6.60Exp: 2019-11-03→ Common Stock (5,000 underlying)
Footnotes (2)
- [F1]As of December 21, 2016, Issuer was acquired by AMC Entertainment Holdings, Inc. ("AMC") pursuant to an Amended and Restated Plan of Merger Agreement dated July 24, 2016 (Merger Agreement"), as more fully described in the Issuer Proxy Statement/Prospectus dated October 13, 2016 ("Proxy") and filed by the Issuer with the SEC on October 11, 2016 (the "Merger"). Each outstanding share of Issuer Common Stock was converted either into $33.06 in cash or 1.0819 shares of AMC Class A Common Stock ("Merger Consideration") with cash paid for any fractional shares. The choice of consideration received was at the election of the holder of Issuer equity securities, subject to the limitations described in the Proxy. All dispositions by Reporting Person in the Merger were approved in advance by the Issuer Board of Directors.
- [F2]Options were fully vested. Each share of Issuer common stock received in connection with the exercise of the stock options, less shares withheld to pay the exercise price, received the Merger Consideration.