Chad Gretzema - Mar 8, 2022 Form 4 Insider Report for Del Taco Restaurants, Inc. (TACO)

Role: Chief Operating Officer
Signature: Rebecca H. Yang, Attorney-in-Fact
Stock symbol: TACO
Transactions as of: Mar 8, 2022
Transactions value $: -$3,295,885
Form type: 4
Date filed: 3/10/2022, 08:49 PM
Previous filing: Jul 2, 2021
Next filing: Nov 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TACO	COMMON STOCK	Disposed to Issuer	-$1.53M	-122K	-100%	$12.51	0	Mar 8, 2022	Direct	F1, F2

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TACO	Stock Option (right to buy)	Disposed to Issuer	-$626K	-50K	-100%	$12.51	Mar 8, 2022	COMMON STOCK	50K	$7.93	Direct	F1
transaction	TACO	Stock Option (right to buy)	Disposed to Issuer	-$188K	-15K	-100%	$12.51	Mar 8, 2022	COMMON STOCK	15K	$5.93	Direct	F1
transaction	TACO	Stock Option (right to buy)	Disposed to Issuer	-$813K	-65K	-100%	$12.51	Mar 8, 2022	COMMON STOCK	65K	$9.89	Direct	F1
transaction	TACO	Performance-Based Restricted Stock Units	Disposed to Issuer	-$144K	-11.5K	-100%	$12.51	Mar 8, 2022	COMMON STOCK	11.5K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Chad Gretzema is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated December 5, 2021, between the issuer and Jack in the Box Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, each restricted stock award (other than certain non-accelerating restricted stock awards granted to the issuer's executive officers) will vest and be converted into the right to receive cash of $12.51 per share, each unexercised option will vest and be converted into the right to receive cash in an amount equal to the excess of $12.51 over the exercise price of such option, and each performance-based restricted stock unit will vest and be converted into the right to receive cash of $12.51 per share.
F2	Includes 6,109 shares of common stock that were omitted from the reporting person's original Form 3 and subsequent Form 4 filings and corrected in a Form 3/A filed on March 7, 2022.

Content

Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated December 5, 2021, between the issuer and Jack in the Box Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, each restricted stock award (other than certain non-accelerating restricted stock awards granted to the issuer's executive officers) will vest and be converted into the right to receive cash of $12.51 per share, each unexercised option will vest and be converted into the right to receive cash in an amount equal to the excess of $12.51 over the exercise price of such option, and each performance-based restricted stock unit will vest and be converted into the right to receive cash of $12.51 per share.

Includes 6,109 shares of common stock that were omitted from the reporting person's original Form 3 and subsequent Form 4 filings and corrected in a Form 3/A filed on March 7, 2022.