Stoever Mark 4
4 · PANERA BREAD CO · Filed Jul 18, 2017
Insider Transaction Report
Form 4
PANERA BREAD COPNRA
Stoever Mark
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2017-07-18−560→ 0 totalExercise: $208.06Exp: 2022-12-28→ Class A Common Stock (560 underlying) - Disposition to Issuer
Class A Common Stock
2017-07-18$315.00/sh−140$44,100→ 0 total
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.