LYNCH THOMAS E 4
4 · PANERA BREAD CO · Filed Jul 18, 2017
Insider Transaction Report
Form 4
PANERA BREAD COPNRA
LYNCH THOMAS E
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2017-07-18−687→ 0 totalExercise: $139.17Exp: 2017-12-28→ Class A Common Stock (687 underlying) - Disposition to Issuer
Stock Option (right to buy)
2017-07-18−549→ 0 totalExercise: $174.80Exp: 2020-12-31→ Class A Common Stock (549 underlying) - Disposition to Issuer
Stock Option (right to buy)
2017-07-18−543→ 0 totalExercise: $176.07Exp: 2020-01-02→ Class A Common Stock (543 underlying) - Disposition to Issuer
Stock Option (right to buy)
2017-07-18−612→ 0 totalExercise: $208.06Exp: 2022-12-28→ Class A Common Stock (612 underlying) - Disposition to Issuer
Class A Common Stock
2017-07-18$315.00/sh−6,662$2,098,530→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2017-07-18−612→ 0 totalExercise: $156.30Exp: 2018-12-26→ Class A Common Stock (612 underlying) - Disposition to Issuer
Stock Option (right to buy)
2017-07-18−652→ 0 totalExercise: $195.18Exp: 2021-12-30→ Class A Common Stock (652 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of April 4, 2017, by and among Panera Bread Company, Rye Parent Corp., Rye Merger Sub, Inc. and JAB Holdings B.V. (the "Merger Agreement") in exchange for $315 per share in cash, without interest, less any applicable withholding taxes (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, each outstanding stock option, whether vested or unvested, was cancelled in exchange for a cash payment equal to the product of (i) the excess, if any, of (x) the Merger Consideration over (y) the exercise price per share of such option, and (ii) the number of shares underlying such option.