FRIENDLY ICE CREAM CORP 4
4 · FRIENDLY ICE CREAM CORP · Filed Oct 1, 2007
Insider Transaction Report
Form 4
SMITH DONALD N
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2007-08-30−1,013,778→ 0 total - Disposition to Issuer
Stock Options
2007-08-30$5.69/sh−6,000$34,140→ 0 totalExercise: $9.81Exp: 2010-11-02→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Options
2007-08-30$4.89/sh−4,000$19,560→ 0 totalExercise: $10.61Exp: 2011-11-01→ Common Stock (4,000 underlying)
Footnotes (3)
- [F1]Disposed in connection with the merger of the issuer with Freeze Operations, Inc. pursuant to that certain agreement and plan of merger dated June 17, 2007, by and among the issuer, Freeze Operations Holding Corp. and Freeze Operations, Inc. (the "Merger"), in exchange for the right to receive a cash payment equal to $15.50 per share.
- [F2]These options, which provided for vesting in three equal annual installments commencing on November 2, 2006, were accelerated and became fully vested, and were cancelled in connection with the Merger in exchange for a cash payment of $34,140.00, representing the difference between the exercise price of the options and $15.50 per share.
- [F3]These options, which provided for vesting in three equal annual installments commencing on November 1, 2007, were accelerated and became fully vested, and were cancelled in connection with the Merger in exchange for a cash payment of $19,560.00, representing the difference between the exercise price of the options and $15.50 per share.