ANSLEY T. MICHAEL (Chairman of the Board) sold 23.2% of their position (700K shares) of DIVERSIFIED RESTAURANT HOLDINGS, INC. on the open market
Open‑market sale worth $700.0K — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.
S · 1 sale
Filed: 7/25/2018ACC: 0001394156-18-000056
DirectorOfficer10% Owner· Chairman of the Board
Since Jul 2016
-700K
Net shares
Net seller
$700.0K
Total sold
1
Open market trades
0B · 1S
3
Total transactions
30K acquired · 730K disposed
Non-Derivative Transactions1
Common Stock
Direct
Shares
−700K
Price / share
$1.00
Trade value
$700K
% of position
23.2%
7/24/2018
3.01M→2.31M
Total
Net shares
−700K
Net value
-$700K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 7/24/2018 | S · Sale | −700K | $1.00 | $700K | 23.2% | 3.01M | 2.31M |
| Total | −700K | -$700K | ||||||
Derivative Transactions2
Option to purchase common stock -- -- Right to Buy '16
Direct
Converts to
Common Stock
30K shares
Shares
−30K
Strike price
2.5
Held after
0.00
Exercisable
—
7/28/2016
Option to purchase common stock -- -- Right to Buy '19
Direct
Converts to
Common Stock
30K shares
Shares
+30K
Strike price
2.5
Held after
30K
Exercisable
—
7/28/2016
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Option to purchase common stock -- -- Right to Buy '16 Direct | Common Stock30K shares | 7/28/2016 | D · Disposition | −30K | 2.5 | — | 0.00 |
| Option to purchase common stock -- -- Right to Buy '19 Direct | Common Stock30K shares | 7/28/2016 | A · Award | +30K | 2.5 | — | 30K |
Non-Derivative Holdings (Post-Transaction)2
Common Stock
IndirectShares owned8M
Common Stock
IndirectShares owned9K
Total
8.01M indirect8.01M
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Common Stock | 8M | Indirect |
| Common Stock | 9K | Indirect |
| Total | 8.01M | 8.01M indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported