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RAVE RESTAURANT GROUP, INC. — Director's Dealing 2017
Sep 27, 2017
34616_dirs_2017-09-27_42c36d10-7e64-4a62-8943-0a8e7387c55f.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: 2017-09-14
Reporting Person: SCHWARZ MARK E (Director, Chairman, 10% Owner)
Reporting Person: NEWCASTLE PARTNERS L P (10% Owner)
Reporting Person: NEWCASTLE CAPITAL MANAGEMENT LP (10% Owner)
Reporting Person: NEWCASTLE CAPITAL GROUP LLC (10% Owner)
Reporting Person: NCM SERVICES, INC. (10% Owner)
Reporting Person: Schwarz 2012 Family Trust (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-09-14 | Common Stock | X | 1788220 | $1.40 | Acquired | 3517993 | Indirect |
| 2017-09-25 | Common Stock | S | 500000 | $1.40 | Disposed | 3017993 | Indirect |
| 2017-09-27 | Common Stock | S | 178540 | $1.40 | Disposed | 2839453 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 100691 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 4% Convertible Senior Notes due 2022, Par $100 | $2.00 | 2022-02-15 | Common Stock (542500) | Indirect | |
| 4% Convertible Senior Notes due 2022, Par $100 | $2.00 | 2022-02-15 | Common Stock (13900) | Direct | |
| Director Stock Option (right to buy) | $3.95 | 2026-06-27 | Common Stock (40000) | 40000 | Direct |
| Director Stock Option (right to buy) | $3.11 | 2022-06-25 | Common Stock (15000) | 15000 | Direct |
| Director Stock Option (right to buy) | $1.90 | 2019-06-29 | Common Stock (40000) | 40000 | Direct |
| Director Stock Option (right to buy) | $2.32 | 2018-07-02 | Common Stock (40000) | 40000 | Direct |
Footnotes
F1: Mr. Schwarz is the sole trustee of the Schwarz 2012 Family Trust (the "Trust") and a director and officer of NCM Services, Inc. ("NCMS"). The Trust is the sole shareholder of NCMS, which is the sole member of Newcastle Capital Group, L.L.C. ("NCG"), which is the general partner of Newcastle Capital Management, L.P. ("NCM"), which is the general partner of Newcastle Partners, L.P. ("NP"). Accordingly, Mr. Schwarz may be deemed the beneficial owner of all shares held by any of the Trust, NCMS, NCG, NCM or NP.