4//SEC Filing
Kraft Foods Group, Inc. 4
Accession 0001545158-15-000162
CIK 0001545158operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 4:49 PM ET
Size
8.5 KB
Accession
0001545158-15-000162
Insider Transaction Report
Form 4
LUNDGREN TERRY J
Director
Transactions
- Disposition to Issuer
Phantom Stock
2015-07-02−901→ 0 totalExercise: $88.30→ Common Stock - Disposition to Issuer
Common Stock
2015-07-02−7,331→ 0 total
Footnotes (4)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of March 24, 2015 (the "Merger Agreement"), among H.J. Heinz Holding Corporation ("Heinz"), Kite Merger Sub Corp., Kite Merger Sub LLC and Kraft Foods Group, Inc. ("Kraft"), upon the completion of the merger as contemplated by the Merger Agreement, each Kraft deferred share held by the reporting person was converted into the right to receive one Kraft Heinz deferred share in respect of a number of shares of Kraft Heinz common stock equal to the number of shares of Kraft common stock that may be issued in respect of such Kraft deferred share.
- [F2]Each Kraft deferred share will also accrue additional deferred shares in respect of a special cash dividend of $16.50 per share, in accordance with the terms of the applicable Kraft stock plan, deferred share award agreement or Kraft's past practices with respect to such accruals. The Kraft Heinz deferred shares will be settled in accordance with the terms and conditions as were applicable under such Kraft deferred shares immediately prior to the completion of the merger.
- [F3]Each share of phantom stock is the economic equivalent of one share of Kraft common stock and is payable in cash upon the reporting person's election or termination from service as a Director of Kraft. The number of shares of phantom stock credited to the reporting person is determined by dividing the reporting person's deferred compensation fees by the closing price ($88.30) of Kraft's common stock on July 1, 2015.
- [F4]In connection with the merger, each share of Kraft phantom stock held by the reporting person was converted into the right to receive one Kraft Heinz phantom stock which is the economic equivalent of one share of Kraft Heinz common stock.
Documents
Issuer
Kraft Foods Group, Inc.
CIK 0001545158
Entity typeoperating
Related Parties
1- filerCIK 0001545158
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 4:49 PM ET
- Size
- 8.5 KB