Kraft Foods Group, Inc. 4
4 · Kraft Foods Group, Inc. · Filed Jul 2, 2015
Insider Transaction Report
Form 4
MCDONALD MACKEY J
Director
Transactions
- Disposition to Issuer
Common Stock
2015-07-02−10,309→ 0 total
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of March 24, 2015 (the "Merger Agreement"), among H.J. Heinz Holding Corporation ("Heinz"), Kite Merger Sub Corp., Kite Merger Sub LLC and Kraft Foods Group, Inc. ("Kraft"), upon the completion of the merger as contemplated by the Merger Agreement, each Kraft deferred share held by the reporting person was converted into the right to receive one Kraft Heinz deferred share in respect of a number of shares of Kraft Heinz common stock equal to the number of shares of Kraft common stock that may be issued in respect of such Kraft deferred share.
- [F2]Each Kraft deferred share will also accrue additional deferred shares in respect of a special cash dividend of $16.50 per share, in accordance with the terms of the applicable Kraft stock plan, deferred share award agreement or Kraft's past practices with respect to such accruals. The Kraft Heinz deferred shares will be settled in accordance with the terms and conditions as were applicable under such Kraft deferred shares immediately prior to the completion of the merger.