Gail Sharps Myers - 20 May 2022 Form 4/A - Amendment Insider Report for DENNY'S Corp (DENN)

Role
EVP, CLO, CPO and Secretary
Signature
/s/ Jasmine E. Taylor, Attorney-in-Fact
Issuer symbol
DENN
Transactions as of
20 May 2022
Net transactions value
-$105,924
Form type
4/A - Amendment
Filing time
25 May 2022, 18:54:59 UTC
Date Of Original Report
24 May 2022
Previous filing
16 Mar 2022
Next filing
06 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DENN Common Stock Options Exercise $0 +35,047 +1430% $0.000000 37,498 20 May 2022 Direct
transaction DENN Common Stock Tax liability $105,924 -10,988 -29% $9.64 26,510 20 May 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DENN Restricted Stock Units Options Exercise $0 -35,047 -100% $0.000000* 0 20 May 2022 Common Stock 35,047 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the payout of the restricted stock units, previously granted under the Denny's Corporation 2017 Omnibus Incentive Plan, that vested 100% upon the second anniversary of the grant date and are payable on a "1-for-1" basis in common stock of the Issuer within 30 days of the vesting date.

Remarks:

This amendment to the Form 4 that was filed on May 24, 2022 is to correct the amount of securities beneficially owned following the reported transactions. The original Form 4 inadvertently showed beneficial securities owned in the amount of 107,592 and 96,604, whereas the correct amounts should be 37,498 and 26,510.