4//SEC Filing
SPORT CHALET INC 4
Accession 0001437749-14-015946
CIK 0000892907operating
Filed
Aug 19, 8:00 PM ET
Accepted
Aug 20, 4:39 PM ET
Size
12.9 KB
Accession
0001437749-14-015946
Insider Transaction Report
Form 4
SPORT CHALET INCSPCH
LEVRA CRAIG L
DirectorChairman and CEO
Transactions
- Disposition to Issuer
Option To Purchase Common Stock SPCHA
2014-08-19−20,000→ 0 totalExercise: $2.02→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock SPCHA
2014-08-18$1.20/sh−1,734$2,081→ 0 total - Disposition to Issuer
Common Stock SPCHB
2014-08-18$1.20/sh−791,635$949,962→ 0 total - Disposition to Issuer
Option To Purchase Common Stock SPCHA
2014-08-19−100,000→ 0 totalExercise: $7.49→ Common Stock (100,000 underlying) - Disposition to Issuer
Option To Purchase Common Stock SPCHA
2014-08-19−225,000→ 0 totalExercise: $2.10→ Common Stock (225,000 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 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 the Merger consideration of $1.20 per share.
Documents
Issuer
SPORT CHALET INC
CIK 0000892907
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000892907
Filing Metadata
- Form type
- 4
- Filed
- Aug 19, 8:00 PM ET
- Accepted
- Aug 20, 4:39 PM ET
- Size
- 12.9 KB