Christopher Daniel Morris - Jun 29, 2022 Form 4/A - Amendment Insider Report for Dave & Buster's Entertainment, Inc. (PLAY)

Role
Chief Executive Officer, Director
Signature
Sherri M. Smith, Attorney-in-Fact
Stock symbol
PLAY
Transactions as of
Jun 29, 2022
Transactions value $
$4,333,299
Form type
4/A - Amendment
Date filed
10/14/2022, 09:00 PM
Date Of Original Report
Jul 5, 2022
Next filing
Jul 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLAY Common Stock Award $0 +14.8K $0.00 14.8K Jun 29, 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 PLAY Stock Option (Right to Buy) Award $3.33M +98.7K $33.77 98.7K Jun 29, 2022 Common Stock 98.7K Direct F1
transaction PLAY Stock Option (Right to Buy) Award $1M +29.6K $33.77 29.6K Jun 29, 2022 Common Stock 29.6K Direct F2
transaction PLAY Performance Stock Units Award $0 +158K $0.00 158K Jun 29, 2022 Common Stock 158K Direct F3
transaction PLAY Performance Stock Units Award $0 +98.7K $0.00 98.7K Jun 29, 2022 Common Stock 98.7K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vests in equal installments on June 29, 2023, 2024, 2025, 2026 and 2027. The amendment is being filed to correct a clerical error in the vesting schedule.
F2 This grant is subject to Mr. Morris open market purchase of an aggregate of $1 million in the Registrants common stock, par value $0.01 per share (the "Common Stock") during an open trading window on or before October 14, 2022 (or the next available open trading window if the preceding trading windows are closed). Subject to the foregoing condition, the options vest in equal installments on June 29, 2023, 2024, 2025, 2026 and 2027. The amendment is being filed to correct a clerical error in the vesting schedule.
F3 Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from June 29, 2022 through June 29, 2027. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $67.54, based on the volume-weighted average price for the sixty (60) consecutive trading days ending on the June 29, 2027 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to June 29, 2027. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on June 29, 2027. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than June 29, 2027.
F4 Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from June 29, 2022 through June 29, 2027. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $101.31, based on the volume-weighted average price for the sixty (60) consecutive trading days ending on the June 29, 2027 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to June 29, 2027. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on June 29, 2027. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than June 29, 2027.