KOZIOL KENNETH M 4
4 · PANERA BREAD CO · Filed Jul 18, 2017
Insider Transaction Report
Form 4
PANERA BREAD COPNRA
KOZIOL KENNETH M
Executive Vice President
Transactions
- Disposition to Issuer
Stock Appreciation Right
2017-07-18−2,625→ 0 totalExercise: $186.14Exp: 2021-05-20→ Class A Common Stock (2,625 underlying) - Disposition to Issuer
Class A Common Stock
2017-07-18$315.00/sh−4,562$1,437,030→ 0 total - Disposition to Issuer
Stock Appreciation Right
2017-07-18−4,700→ 0 totalExercise: $186.14Exp: 2021-05-20→ Class A Common Stock (4,700 underlying) - Disposition to Issuer
Stock Appreciation Right
2017-07-18−1,542→ 0 totalExercise: $202.52Exp: 2021-08-05→ Class A Common Stock (1,542 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 Agreeement, each outstanding stock appreciation right, 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 stock appreciation right, and (ii) the number of shares underlying such stock appreciation right.