Chad Gretzema - 08 Mar 2022 Form 4 Insider Report for Del Taco Restaurants, Inc.

Reporting relationship: Chief Operating Officer
Issuer ticker: N/A
Reported as of: 08 Mar 2022
Net transaction value: -$3,295,885
SEC form: 4
Accepted by SEC: 10 Mar 2022, 20:49:12 UTC
Prior SEC filing: 02 Jul 2021
Next SEC filing: 23 Nov 2022
Source filing: View source filing
Reporting owner signature: Rebecca H. Yang, Attorney-in-Fact

Key filing fact

Chad Gretzema filed Form 4 for Del Taco Restaurants, Inc. on 10 Mar 2022.

Key facts

This page summarizes Chad Gretzema's Form 4 filing for Del Taco Restaurants, Inc..
5 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 10 Mar 2022, 20:49.

Change

Previous filing in this sequence was filed on 02 Jul 2021.
Current net transaction value: -$3,295,885.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TACO transaction

COMMON STOCK

Disposed to Issuer

Transaction value: $1,525,720
Shares: -121,960
Change %: -100%
Price: $12.51
Shares after: 0
Date: 08 Mar 2022
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TACO transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value: $625,500
Shares: -50,000
Change %: -100%
Price: $12.51
Shares after: 0
Date: 08 Mar 2022
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 50,000
Exercise price: $7.93
Footnotes: F1

TACO transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value: $187,650
Shares: -15,000
Change %: -100%
Price: $12.51
Shares after: 0
Date: 08 Mar 2022
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 15,000
Exercise price: $5.93
Footnotes: F1

TACO transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value: $813,150
Shares: -65,000
Change %: -100%
Price: $12.51
Shares after: 0
Date: 08 Mar 2022
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 65,000
Exercise price: $9.89
Footnotes: F1

TACO transaction Derivative

Performance-Based Restricted Stock Units

Disposed to Issuer

Transaction value: $143,865
Shares: -11,500
Change %: -100%
Price: $12.51
Shares after: 0
Date: 08 Mar 2022
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 11,500
Exercise price: $0.000000
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Chad Gretzema is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.