Albert M Mark 4
4 · ARDEN GROUP INC · Filed Dec 3, 2012
Insider Transaction Report
Form 4
ARDEN GROUP INCARDNA
Albert M Mark
Director
Transactions
- Disposition to Issuer
Stock Appreciation Rights
2012-12-03−14,500→ 0 totalExercise: $110.00Exp: 2017-01-15→ Class A Common Stock (14,500 underlying) - Award
Stock Appreciation Rights
2012-12-03+14,500→ 14,500 totalExercise: $90.00From: 2013-01-15Exp: 2017-01-15→ Class A Common Stock (14,500 underlying)
Footnotes (1)
- [F1]The two reported transactions relate to an adjustment to the base price of each unit under the stock appreciation rights agreement by $20 to reflect the effect of the declaration and payment of a special cash dividend by the issuer on its Class A Common Stock. The adjustment is being reflected as a deemed cancellation of the "old" stock appreciation right and a deemed grant of a "replacement" stock appreciation right. Other than the change in the base price, no other changes were made to the stock appreciation rights and such stock appreciation rights will continue on the same terms and conditions, including becoming exercisable in 25% increments on each of January 15, 2013, January 15, 2014, January 15, 2015 and January 15, 2016.