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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Burger King Holdings | NYSE:BKC | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.99 | 0.00 | 01:00:00 |
Filed by the Registrant
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Filed by a Party other than the Registrant o |
x | No fee required. | |
o | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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(3) |
Per unit price or other underlying value of transaction computed pursuant to Exchange
Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it
was determined):
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(4) |
Proposed maximum aggregate value of transaction:
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(5) |
Total fee paid:
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o | Fee paid previously with preliminary materials: | |
o | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
(1) |
Amount Previously Paid:
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(2) |
Form, Schedule or Registration Statement No.:
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(3) |
Filing Party:
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Date Filed:
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1. | How do I tender shares I own of BK Holdings, Inc. Common Stock and how can I get information about the purchase of my shares at closing? (Applies to shares that are owned outright and is not applicable to outstanding BK equity grants including unvested shares and unexercised options) |
| To voluntarily tender shares you own through a broker : Contact your broker using the telephone number found in the materials received in the mail or the telephone number or email address found on statements received from your broker. If you need additional tender offer materials, you can contact your broker or D.F. King, which is the information agent for the offer. D.F. King can be reached toll-free at (800) 714-3313. | ||
| Proceeds from Sale : You will need to contact your broker for information pertaining to the distribution of the proceeds from the purchase of your shares in the offer. The distribution of proceeds generally happens within a few days of the completion of an offer. |
2. | What will happen to outstanding equity awards from the Company when the sale to 3G is final? | |
YOU ARE NOT REQUIRED TO TAKE ANY ACTION ON ANY OUTSTANDING EQUITY AWARD |
| Valentines Day Grant : The Valentines Day Grant refers to the two (2) stock options that were awarded to eligible employees on February 14, 2006. As a result of the stock split which occurred prior to the IPO, the grant is equivalent to 53 options with an exercise price of $21.64. These stock options will be liquidated at a value of $24 per share. The value of each option is the difference between $24 and the exercise price ($21.64). The proceeds of this grant are $125.08, less any applicable tax withholding. They will be distributed by the Company through local payroll. | ||
| Vested and Unvested Stock Options : All stock options will vest immediately and be liquidated at a value of $24 per share. The proceeds of each grant are the difference between $24 and the stock option exercise price, less any applicable tax withholding. The proceeds will be distributed by the Company through local payroll. | ||
| Unvested Shares/RSUs (PBRS and Restricted Shares) : All PBRS and RS awards will vest immediately (and, in the case of PBRS, attainment of the target level of performance) and be liquidated at a price of $24 per share. The proceeds, less any applicable tax withholding, will be distributed by the Company through local payroll. |
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| August 25, 2010 Grant : The grant that was made on August 25, 2010 will vest and be paid in the same way as the above equity, unless you are an Officer of the Company. If you are an Officer, 60% of the gross proceeds from the purchase will be deposited into a special account. We will provide more details on the treatment of this grant for Officers in a separate communication. | ||
| Dividend Equivalents : An amount has been accrued representing the payment of quarterly dividends ($0.0625 per share per quarter) on the PBRS and RS awards. Accrued dividend equivalents, less any applicable tax withholding, will be distributed via local payroll. | ||
| Fees for liquidating outstanding equity : There will be no fees associated with liquidating outstanding equity as a result of the closing of the sale to 3G. |
Note to employees located outside the U.S.: Information will be provided at a later date regarding how proceeds will be distributed to you. | ||
3. | Will there be any blackout dates or other restrictions on outstanding equity leading up to the closing of the sale to 3G? |
| Window Group Members : The trading window will close for members of the Window Group on September 30 at the close of trading. | ||
| All Employees : All employees will be subject to a blackout period at Merrill Lynch beginning on October 8, 2010 at the close of trading. No transactions will be permitted on outstanding equity awards. You will be able to access your Merrill Lynch accounts to view your outstanding equity holdings. The blackout will not apply to transactions on shares owned outright and held in a Merrill Lynch or other brokerage account. |
4. | What will be the timing of payments and statements? |
| Payments from the Company : The Companys goal is to process the payments within one week of the closing of the transaction. |
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| Payments from Brokers for Owned Shares : You will need to contact your broker for information pertaining to the timing and distribution of the proceeds | ||
| Statements : Within one week of the closing, the Total Rewards team will distribute personalized statements detailing the proceeds from outstanding equity awards, the pro rata bonus and ERP contributions, if applicable. At the end of the month following the closing of the transaction, Merrill Lynch will distribute statements detailing the cancellation of outstanding equity awards. | ||
| 4 01(k) BK Stock Fund : Merrill Lynch will contact employees regarding the reinvestment of the proceeds from the sale of shares of BKC Common Stock held in the 401(k) plan. |
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1 Year Burger King Holdings Chart |
1 Month Burger King Holdings Chart |
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