Hansen Stephen J. 4
4 · FRISCHS RESTAURANTS INC · Filed Sep 19, 2012
Insider Transaction Report
Form 4
Hansen Stephen J.
VP - COMMISSARY
Transactions
- Disposition to Issuer
Stock Options
2012-09-17−1,167→ 0 totalExercise: $20.55From: 2011-06-22Exp: 2020-06-22→ Common Stock (1,167 underlying) - Award
Stock Options
2012-09-17+1,167→ 1,167 totalExercise: $11.05Exp: 2020-06-22→ Common Stock (1,167 underlying)
Footnotes (3)
- [F1]Options To Buy
- [F2]The reported transactions involved an amendment of outstanding options, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The reporting person agreed to the cancellation of the old option in exchange for a new option having a lower exercise price, which was adjusted in accordance with the applicable company plan, to reflect the special dividend recently declared and paid by the company.
- [F3]The option was originally granted on June 22, 2010 and provided for vesting in three equal installments, 1/3 each year on June 22, 2011, June 22, 2012 and June 22, 2013. The shares reported represent the final 1/3 tranche, which will not vest until June 22, 2013.