4//SEC Filing
BACK YARD BURGERS INC 4
Accession 0001245105-07-000010
CIK 0000901495operating
Filed
Nov 4, 7:00 PM ET
Accepted
Nov 5, 2:13 PM ET
Size
16.9 KB
Accession
0001245105-07-000010
Insider Transaction Report
Form 4
MICHAEL LATTIMORE M
DirectorChairman and CEO
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2007-11-05−18,000→ 0 totalExercise: $6.24From: 2004-07-01Exp: 2014-01-01→ Common Stock (18,000 underlying) - Disposition to Issuer
Common Stock
2007-11-05$6.50/sh−477,323$3,102,600→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2007-11-05−17,500→ 0 totalExercise: $5.00From: 2006-02-12Exp: 2015-08-12→ Common Stock (17,500 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-11-05−8,000→ 0 totalExercise: $1.38From: 2000-10-03Exp: 2010-04-03→ Common Stock (8,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-11-05−25,000→ 0 totalExercise: $1.23From: 2001-07-01Exp: 2011-01-01→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-11-05−22,000→ 0 totalExercise: $3.90From: 2003-07-01Exp: 2013-01-01→ Common Stock (22,000 underlying)
Footnotes (3)
- [F1]Disposed of in connection with the merger of Issuer with BBAC Merger Sub, Inc. effective November 5, 2007 (the "Merger") pursuant to the Agreement and Plan of Merger dated as of June 10, 2007 by and among Issuer, BBAC, LLC, and BBAC Merger Sub, Inc. In connection with the Merger, outstanding shares of Issuer's common stock were exchanged for the right to receive $6.50 per share.
- [F2]Vests (i) 34% on this date; (ii) 33% on the first anniversary of the grant date; and (iii) 33% on the second anniversary of the grant date. Immediately prior to the effective time of the Merger, all unvested stock options became fully vested and immediately exercisable.
- [F3]This stock option was cancelled in the Merger in exchange for a cash payment equal to (i) the excess, if any, between the Merger consideration of $6.50 over the exercise price of the stock option, multiplied by (ii) the number of shares of common stock subject to the stock option.
Documents
Issuer
BACK YARD BURGERS INC
CIK 0000901495
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000901495
Filing Metadata
- Form type
- 4
- Filed
- Nov 4, 7:00 PM ET
- Accepted
- Nov 5, 2:13 PM ET
- Size
- 16.9 KB