Perelman Matthew Terker's Form 4 filing
Carrols Restaurant Group, Inc. (TAST) · filed Jan 17, 2024
- Accession no.
- 0001140361-24-002448
- Filed
- Jan 17, 2024, 9:32 AM ET
- Trade date
- Jan 12, 2024
- Filing delay
- 5 days
- Rule 10b5-1 plan
- Checked
This filing lists 1 non-derivative transaction. It was filed 5 days after the trade.
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 September 14, 2023, Cambridge Franchise Holdings, LLC ("CFH") entered into a master forward confirmation with an unaffiliated third party broker-dealer (in its capacity as buyer for the forward sale transactions, the "Forward Purchaser," and each such forward sale transaction, a "Forward" and collectively, the "Forwards"), with respect to Forwards (A) intended to comply with Rule 10b5-1(c) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and (B) covering up to the lesser of (i) 3,285,622 shares of common stock, par value $0.01 per share, (the "Forward Shares") of Carrols Restaurant Group, Inc. (the "Issuer"), and (ii) the maximum number of Forward Shares permitted to be sold under Rule 144 of the Securities Act of 1933, as amended.
Referenced by the price of 1 transaction in Table I.
- F2
(continued from Footnote 1) January 12, 2024, was the final day of the execution period with respect to the Forwards, and, on the settlement date, CFH will deliver to the Forward Purchaser 2,005,309 Forward Shares and receive from the Forward Purchaser a cash payment of $15,037,611.66, or approximately $7.4989 per Forward Share. Of the 3,285,622 maximum number of Forward Shares which could have been sold under these Forwards, 2,005,309 were sold and 1,280,313 remain unsold as of January 12, 2024. Such cash payment was based on a price per Forward Share equal to the product of (i) 100% minus the commission paid to the Forward Purchaser and (ii) a price per Forward Share equal to a weighted-average of the daily volume-weighted average prices during the term of the Forward, such weighting with respect to each trading day during the term of the Forward based on the number of Forward Shares for such trading day.
Referenced by the price of 1 transaction in Table I.