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DOLLAR GENERAL CORP Director's Dealing 2007

Jul 11, 2007

10165_dirs_2007-07-10_dd3fe5b7-95e6-400a-a6a1-10551ea3b831.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOLLAR GENERAL CORP (DG)
CIK: 0000029534
Period of Report: 2007-07-06

Reporting Person: TEHLE DAVID M (Executive VP and CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-07-06 Common Stock D 21505 $22 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-07-06 Restricted Stock Units $22 D 29317.54 Disposed Common Stock (29317.54) Direct
2007-07-06 Employee Stock Option (right to buy) $17.54 D 69900 Disposed 2016-03-16 Common Stock (69900) Direct
2007-07-06 Employee Stock Option (right to buy) $18.75 D 62800 Disposed 2014-08-09 Common Stock (62800) Direct
2007-07-06 Employee Stock Option (right to buy) $18.83 D 52600 Disposed 2014-08-24 Common Stock (52600) Direct
2007-07-06 Employee Stock Option (right to buy) $21.25 D 49917 Disposed 2017-03-23 Common Stock (49917) Direct
2007-07-06 Employee Stock Option (right to buy) $22.35 D 63000 Disposed 2015-03-15 Common Stock (63000) Direct

Footnotes

F1: Immediately before the effective time of the merger, all unvested Restricted Stock Units became fully vested and immediately exercisable.

F2: Includes 29,050 Restricted Stock Units that were scheduled to vest as follows: 2,200 units on August 24, 2007; 2,166 units on March 15, 2008; 7,066 units in two equal annual installments beginning on March 16, 2008; and 17,618 units in three equal annual installments beginning March 23, 2008.

F3: The Restricted Stock Units were cashed out in the merger for $22 per Restricted Stock Unit on a 1-for-1 basis.

F4: Immediately before the effective time of the merger, all unvested options became fully vested and immediately exercisable.

F5: This option was assumed by the surviving corporation in the merger and replaced with a new option with an exercise price of $3.75 for that number of shares so that the difference between $22.00 and the exercise price of the old option, multiplied by the number of shares subject to the old option, is equal to the difference between $22.00 and $3.75, multiplied by the number of shares subject to the new option.

F6: All options with an exercise price above the merger consideration of $22.00 per share were cancelled in the merger and no payment will be made thereon.