DALEY CLAYTON C JR 4
4 · Simply Good Foods Co · Filed Nov 2, 2018
Insider Transaction Report
Form 4
DALEY CLAYTON C JR
Director
Transactions
- Exercise of In-Money
Warrants (Right to Buy)
2018-10-29−3,333→ 0 totalExercise: $11.50From: 2017-08-06Exp: 2022-08-06→ Common Stock (3,333 underlying) - Sale
Common Stock
2018-10-29−2,063→ 56,303 total - Exercise of In-Money
Common Stock
2018-10-29$11.50/sh+3,333$38,330→ 58,366 total
Footnotes (2)
- [F1]On October 4, 2018, the issuer announced that, pursuant to the warrant agreement and in connection with a notice of redemption of the warrants, the issuer elected to require that all of its publicly-traded warrants only be exercised on a cashless basis. Accordingly, holders of the warrants are deemed to pay the $11.50 exercise price by the surrender of 0.61885 of a share of common stock of the issuer that such holder would have been entitled to receive upon a cash exercise of such warrants. Therefore, by virtue of the cashless exercise of the warrants, the reporting person will receive 0.38115 of a share of the issuer's common stock for each warrant surrendered for exercise.
- [F2]Represents shares withheld by the issuer to cover the exercise price of the warrants in the cashless exercise.