4//SEC Filing
CARMIKE CINEMAS INC 4
Accession 0001209191-16-156285
CIK 0000799088operating
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 2:37 PM ET
Size
15.3 KB
Accession
0001209191-16-156285
Insider Transaction Report
Form 4
Cole Jeff A
Ass't VP, Controller & CAO
Transactions
- Award
Common Stock
2016-12-21+3,566→ 25,157 total - Disposition to Issuer
Common Stock
2016-12-21−25,157→ 0 total - Disposition to Issuer
Stock Options
2016-12-21−20,000→ 0 totalExercise: $25.95Exp: 2017-04-13→ Common Stock (20,000 underlying) - Disposition to Issuer
Stock Options
2016-12-21−4,000→ 0 totalExercise: $10.92Exp: 2020-03-02→ Common Stock (4,000 underlying) - Disposition to Issuer
Stock Options
2016-12-21−4,000→ 0 totalExercise: $7.34Exp: 2012-03-11→ Common Stock (4,000 underlying)
Footnotes (4)
- [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]Issuer outstanding performance shares previously awarded (but not reported under Section 16 because of the performance contingencies) became fully vested under the Merger Agreement without regard to the achievement of the performance criteria. All vested performance shares were then converted into the Merger Consideration. All dispositions by Reporting Person in the Merger were approved in advance by the Issuer Board of Directors.
- [F3]Issuer outstanding unvested restricted stock units ("RSU's") became fully vested under the Merger Agreement. All vested RSU's were then converted into the Merger Consideration. All dispositions by Reporting Person in the Merger were approved in advance by the Issuer Board of Directors.
- [F4]Fully exercisable. Under the Merger Agreement, each outstanding Issuer stock option, whether or not vested or exercisable, became 100% vested and exercisable. Each share of Issuer common stock received in connection with the exercise of the stock options received the Merger Consideration. To the extent an option was not exercised, it was cancelled, and the Issuer paid each holder of such cancelled stock option an amount in cash (less any applicable tax withholdings), determined by multiplying (x) the excess, if any, of $33.06 over the exercise price per share of Issuer common stock by (y) the number of shares of Issuer common stock. If the exercise price exceeded $33.06, then such Issuer stock option was cancelled without any payment of any consideration.
Documents
Issuer
CARMIKE CINEMAS INC
CIK 0000799088
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000799088
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 2:37 PM ET
- Size
- 15.3 KB