SPORT CHALET INC 4
4 · SPORT CHALET INC · Filed Aug 20, 2014
Insider Transaction Report
Form 4
SPORT CHALET INCSPCH
Glaser Rachel C
Director
Transactions
- Disposition to Issuer
Option To Purchase Common Stock SPCHA
2014-08-19−2,000→ 0 totalExercise: $1.28→ Common Stock (2,000 underlying) - Disposition to Issuer
Option To Purchase Common Stock SPCHA
2014-08-19−2,000→ 0 totalExercise: $1.95→ Common Stock (2,000 underlying) - Disposition to Issuer
Option To Purchase Common Stock SPCHA
2014-08-19−2,000→ 0 totalExercise: $1.59→ Common Stock (2,000 underlying) - Disposition to Issuer
Common Stock SPCHA
2014-08-18$1.20/sh−7,500$9,000→ 0 total - Disposition to Issuer
Option To Purchase Common Stock SPCHA
2014-08-19−2,000→ 0 totalExercise: $1.95→ Common Stock (2,000 underlying)
Footnotes (2)
- [F1]On August 18, 2014, Vestis Retail Group, LLC ("Purchaser") and its wholly-owned subsidiary Everest Merger Sub, Inc. ("Merger Sub") completed the tender offer for all the outstanding shares of Sport Chalet, Inc. ("Issuer"), and on August 19, 2014, Merger Sub merged (the "Merger") with and into Issuer with Issuer surviving the Merger as a wholly-owned subsidiary of Purchaser, all pursuant to that certain Agreement and Plan of Merger dated June 30, 2014 (as amended, the "Merger Agreement"), by and among Purchaser, Merger Sub and Issuer. In connection with the Merger, the reporting person is no longer a director of Issuer on August 19, 2014.
- [F2]In accordance with the terms of the Merger Agreement, this stock option was cancelled at the effective time of the Merger without consideration because the exercise price of the stock option exceeded $1.20 per share.