FRIEDMAN PHILIP 4
4 · Diversified Restaurant Holdings, Inc. · Filed Apr 2, 2013
Insider Transaction Report
Form 4
FRIEDMAN PHILIP
Director
Transactions
- Award
Option to purchase common stock -- Right to Buy
2011-03-10+10,000→ 10,000 totalExercise: $2.50From: 2013-06-03Exp: 2016-07-31→ Common Stock (10,000 underlying) - Award
Option to purchase common stock -- Right to Buy
2011-03-10+20,000→ 20,000 totalExercise: $2.50From: 2013-03-29Exp: 2016-07-31→ Common Stock (20,000 underlying)
Footnotes (1)
- [F1]Due to an inadvertent administrative error, these options were not disclosed on Form 4 when granted. While originally scheduled to vest in annual installments of 10,000 shares on June 3, 2011, June 3 2012, and June 3, 2013, respectively, the Issuer has adjusted the vesting schedule to reflect the fact that 20,000 of the options are currently exercisable.