Ansley T. Michael 4
4 · Diversified Restaurant Holdings, Inc. · Filed Mar 2, 2020
Insider Transaction Report
Form 4
Ansley T. Michael
DirectorPresident and CEO10% Owner
Transactions
- Disposition to Issuer
Common Stock
2020-02-25$1.05/sh−9,000$9,450→ 0 total(indirect: By Children) - Disposition to Issuer
Common Stock
2020-02-25$1.05/sh−2,214,557$2,325,285→ 0 total - Disposition to Issuer
Common Stock
2020-02-25$1.05/sh−8,000,000$8,400,000→ 0 total(indirect: By Spouse)
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between the issuer and Patton Wings Intermediate Holdings, LLC for $1.05 per share in cash on the effective date of the merger.
- [F2]Reporting person transferred these shares to a family limited liability company of which the reporting person is the sole voting member with sole dispositive power over the shares, and the reporting person and his wife are the sole beneficial owners.
- [F3]The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose