Laday Tony 4
4 · Fogo de Chao, Inc. · Filed Apr 9, 2018
Insider Transaction Report
Form 4
Laday Tony
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Options (right to buy)
2018-04-05−89,105→ 0 totalExercise: $8.31Exp: 2024-02-10→ Common Stock (89,105 underlying) - Disposition to Issuer
Common Stock
2018-04-05$15.75/sh−16,545$260,584→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2018-04-05−38,188→ 0 totalExercise: $16.62Exp: 2024-02-10→ Common Stock (38,188 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the consummation of the transactions contemplated by the merger agreement between issuer and affiliates of Rhone Capital for cash payment of $15.75 per share on the closing date of the merger.
- [F2]In connection with the closing of the merger, all restrictions on each share of restricted issuer stock outstanding, including all restrictions related to performance-based vesting conditions,lapsed and all such shares were canceled in exchange for payment of $15.75 per share and retired. Reporting person held 15,545 restricted shares prior to the merger.
- [F3]This option, which provided for vesting in five annual installments beginning one year after the grant date, was canceled in the merger in exchange for the per share cash payment of $7.44, representing the difference between the exercise price of the option and $15.75, the per share merger consideration for the issuer's common stock on the closing date of the merger.
- [F4]This option, whether or not exercisable or vested, was cancelled in connection with the merger without consideration payable therefore because the exercise price of the option exceeded the cash payment of $15.75 per share payable on the closing date of the merger.