4//SEC Filing
ARDEN GROUP INC 4
Accession 0001437749-14-002422
CIK 0000225051operating
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 1:51 PM ET
Size
16.0 KB
Accession
0001437749-14-002422
Insider Transaction Report
Form 4
ARDEN GROUP INCARDNA
BRISKIN BERNARD
DirectorChairman, CEO, President10% Owner
Transactions
- Disposition to Issuer
Class A Common Stock
2014-02-19$126.50/sh−767,012$97,027,018→ 0 total(indirect: Footnote) - Disposition to Issuer
Class A Common Stock
2014-02-19$126.50/sh−692,743$87,631,990→ 0 total - Disposition to Issuer
Class A Common Stock
2014-02-19$126.50/sh−186,096$23,541,144→ 0 total(indirect: Footnote) - Gift
Class A Common Stock
2014-02-13+1,346→ 692,743 total - Gift
Class A Common Stock
2014-02-13−1,346→ 767,012 total(indirect: Footnote) - Disposition to Issuer
Class A Common Stock
2014-02-19$126.50/sh−86,921$10,995,507→ 0 total(indirect: Footnote)
Footnotes (7)
- [F1]On February 13, 2014, (a) a charitable remainder trust of which the reporting person and his spouse are trustees and of which the reporting person's spouse is a beneficiary distributed to the reporting person's spouse 495 shares of the Class A Common Stock of the issuer in satisfaction of such trust's obligation to pay $62,490 to the reporting person's spouse; (b) a charitable remainder trust of which the reporting person is a trustee and beneficiary distributed to the reporting person 165 shares of the Class A Common Stock of the issuer in satisfaction of such trust's obligation to pay $20,830 to the reporting person; and (c) a charitable remainder trust of which the reporting person and his spouse are trustees and beneficiaries distributed to each of the reporting person and his spouse 343 shares of the Class A Common Stock of the issuer (for a distribution of 686 shares in the aggregate) (footnote continued in Footnote 2)
- [F2](continued from Footnote 1) in satisfaction of such trust's obligation to pay $86,690 to the reporting person and his spouse. The reporting person continued to report beneficial ownership of all of the issuer's common stock held by these trusts but disclaimed beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.
- [F3]Represents shares held in (i) a charitable remainder trust of which the reporting person and his spouse are trustees and of which the reporting person's spouse is a beneficiary; (ii) a charitable remainder trust of which the reporting person is a trustee and beneficiary; and (iii) a charitable remainder trust of which the reporting person and his spouse are trustees and beneficiaries. The reporting person continued to report beneficial ownership of all of the issuer's common stock held by these trusts but disclaimed beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.
- [F4]Disposed of pursuant to an Agreement and Plan of Merger, dated as of December 20, 2013 (the "Merger Agreement"), among the issuer, GRCY Holdings, Inc. and GRCY Acquisition, Inc. in exchange for cash merger consideration of $126.50 per share.
- [F5]Includes shares held directly by the reporting person, shares held directly by the spouse of the reporting person and shares held in a trust of the reporting person's spouse of which the reporting person's spouse is the sole trustee. The reporting person disclaimed beneficial ownership of the disposed of shares held directly by his spouse and shares held by such trust except in each case to the extent of his pecuniary interest therein.
- [F6]Shares held in trust for the benefit of the reporting person and children. The reporting person is a co-trustee and a beneficiary with special power of appointment of such trust. The reporting person disclaimed beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F7]Shares held by spouse of reporting person through a trust or in IRA accounts for her benefit. The reporting person disclaimed beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
Documents
Issuer
ARDEN GROUP INC
CIK 0000225051
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000225051
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 1:51 PM ET
- Size
- 16.0 KB