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RAVE RESTAURANT GROUP, INC. — Director's Dealing 2016
Feb 18, 2016
34616_dirs_2016-02-18_de2a80a4-eea8-4ac6-8d73-e66b0eb68784.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RAVE RESTAURANT GROUP, INC. (RAVE)
CIK: 0000718332
Period of Report: 2016-02-16
Reporting Person: MULLANY TIMOTHY E (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-16 | COMMON STOCK | S | 2000 | $5.00 | Disposed | 24100 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | 2018-10-15 | Common Stock () | 20050 | Direct |
| Employee Stock Option (right to buy) | $6.03 | 2024-05-05 | Common Stock (50000) | 50000 | Direct |
| Employee Stock Option (right to buy) | $6.03 | 2024-05-05 | Common Stock (50000) | 50000 | Direct |
Footnotes
F1: Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit.
F2: Represents employee stock options conditionally granted on May 5, 2014, and exercisable as to 10%, 20%, 30% and 40% of the shares on May 5, 2015, 2016, 2017 and 2018, respectively.
F3: Represents employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on May 5, 2015, 2016, 2017 and 2018, respectively.