POPEYES LOUISIANA KITCHEN, INC. 4
4 · POPEYES LOUISIANA KITCHEN, INC. · Filed Mar 27, 2017
Insider Transaction Report
Form 4
Cranor John M III
Director
Transactions
- Disposition to Issuer
Stock Unit (Contingent Right to Common Stock
2017-03-27−39,672→ 39,672 totalExercise: $0.00Exp: 2017-03-27→ Common Stock (39,672 underlying) - Disposition to Issuer
Common Stock
2017-03-27$79.00/sh−8,500$671,500→ 0 total
Footnotes (2)
- [F1]As of March 27, 2017, Issuer was acquired in a cash tender by an indirect subsidiary of Restaurant Brands International Inc. at a purchase price of $79 per share (the "Tender Offer"), as described more fully in the Schedule 14D-9 filed by the Issuer on February 27, 2017 and as subsequently supplemented and amended. All dispositions by Reporting Person in the Tender Offer were approved in advance by Issuer's Board of Directors.
- [F2]Issuer outstanding restricted stock units that were previously vested and awarded as director compensation but for which settlement had been deferred, became payable under the terms of the Tender Offer and were converted into the $79 per share cash consideration.