J. Alexander's Holdings (JAX) director Quirk returned to the company 113,771 shares at $14.00

Insider transactions reported

Raymond R Quirk (director at J. Alexander's Holdings, Inc., JAX) reported that they returned to the company 113,771 shares at $14.00 on Sep 30, 2021. After these transactions the filing shows 0 shares held directly and 0 shares held indirectly (Quirk 2002 Trust).

Reporting person

Quirk Raymond R

Options and other derivatives

Holdings before and after

• Common Stock: 26,318 to 0 direct
• Common Stock: 84,737 to 0 indirect, Quirk 2002 Trust
• Common Stock: 2,716 to 0 indirect, Raymond Quirk 2004 Trust
• Stock Option (Right to Buy): 20,000 to 0 direct

Footnotes from the filing

1. 1. Pursuant to the Agreement and Plan of Merger, dated as of July 2, 2021 (the Merger Agreement ), by and among SPB Hospitality, LLC ( Parent ), Titan Merger Sub, Inc., an indirect, wholly-owned subsidiary of Parent ( Merger Sub ), and J. Alexander's Holdings, Inc. (the Company ), each share of common stock, par value $0.001 per share, of the Company ( Company Common Stock ) was converted into the right to receive a cash payment (without interest and subject to any applicable taxes) equal to the per share merger consideration of $14.
2. 2. Includes 5,250 restricted shares. In accordance with the terms of the Merger Agreement, each restricted share that was outstanding as of immediately prior to the effective time of the merger automatically became fully vested and was converted into the right to receive a cash payment (without interest and subject to any applicable taxes) equal to $14.00.
3. 3. In accordance with the terms of the Merger Agreement, each option to purchase Company Common Stock that was outstanding as of immediately prior to the effective time of the merger became fully vested and was converted into the right to receive a cash payment (without interest and subject to any applicable taxes) equal to the product of (i) the excess, if any, of the per share merger consideration of $14.00 over the exercise price per share of such option as of immediately prior to the effective time, and (ii) the number of shares of Company Common Stock subject to such option as of immediately prior to the effective time.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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