Karen L. Luey - Mar 8, 2022 Form 4 Insider Report for Del Taco Restaurants, Inc. (TACO)

Role: Director
Signature: /s/ Rebecca H. Yang, Attorney-in-Fact
Stock symbol: TACO
Transactions as of: Mar 8, 2022
Transactions value $: -$81,115
Form type: 4
Date filed: 3/10/2022, 08:53 PM
Previous filing: Jul 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TACO	COMMON STOCK	Disposed to Issuer	-$81.1K	-6.48K	-100%	$12.51	0	Mar 8, 2022	Direct	F1

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

Karen L. Luey 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.

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.