Perelman Matthew Terker's Form 4 filing
Carrols Restaurant Group, Inc. (TAST) · filed Dec 6, 2023
- Accession no.
- 0001140361-23-056452
- Filed
- Dec 6, 2023, 7:54 AM ET
- Trade date
- Dec 3, 2023
- Filing delay
- 3 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction. It was filed 3 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Perelman Matthew TerkerCIK 0001771891 | Director, 10% Owner |
| Sloane Alexander RCIK 0001771894 | Director, 10% Owner |
| Cambridge Franchise Partners, LLCCIK 0001737771 | 10% Owner |
| Cambridge Franchise Holdings, LLCCIK 0001777553 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On November 13, 2023, Cambridge Franchise Holdings, LLC ("CFH") entered into (i) a master forward confirmation by and between CFH and the Jefferies LLC (the "Jefferies Forward Purchaser"), with respect to forward sale transactions (each such forward sale transaction, a "Forward" and collectively, the "Forwards") covering up to 11,122,133 shares of common stock, par value $0.01 per share, (the "Forward Shares") of Carrols Restaurant Group, Inc. (the "Issuer"), and (ii) a first supplemental confirmation thereto (the "First Supplemental Confirmation"). December 3, 2023, was the final day of the execution period with respect to the Forwards executed pursuant to the First Supplemental Confirmation, and, on the settlement date, CFH will deliver to the Jefferies Forward Purchaser 1,960,136 Forward Shares and receive from the Jefferies Forward Purchaser a cash payment of $14,206,085.66, or approximately $7.25 per Forward Share.
Referenced by the price of 1 transaction in Table I.
- F2
(continued from Footnote 1) Of the maximum 11,122,133 Forward Shares which could have been sold under these Forwards, 1,960,136 were sold and 9,161,997 remain unsold as of December 3, 2023. Such cash payment was based on a price per Forward Share equal to the product of (i) 100% minus the commission paid to the Jefferies Forward Purchaser and (ii) a price per Forward Share equal to a weighted-average of the daily volume-weighted average price.
Referenced by the price of 1 transaction in Table I.