FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HASTINGS ENTERTAINMENT INC [ HAST ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/15/2014 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 07/15/2014 | D | 90,412 | D | $271,236(1) | 0 | D | |||
Common Stock | 07/15/2014 | D | 6,542 | D | $19,626(1) | 0 | I | by Associate Stock Option Plan | ||
Common Stock | 07/15/2014 | D | 69 | D | $207(1) | 0 | I | by 401K |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common Stock (Right to Buy) | $2.05 | 12/07/2012 | D | 30,000 | (3) | (4) | Common Stock | 30,000 | (2) | 0 | D | ||||
Common Stock (Right to Buy) | $6.445 | 12/02/2010 | D | 35,000 | (3) | (4) | Common Stock | 35,000 | (2) | 0 | D | ||||
Common Stock (Right to Buy) | $4.25 | 12/04/2009 | D | 25,000 | (3) | (4) | Common Stock | 25,000 | (2) | 0 | D | ||||
Common Stock (Right to Buy) | $1.69 | 12/05/2008 | D | 25,000 | (3) | (4) | Common Stock | 25,000 | (2) | 0 | D |
Explanation of Responses: |
1. Disposed of pursuant to Agreement and Plan of Merger, dated as of March 17, 2014, by and among Hastings Entertainment, Inc. ("Hastings"), Draw Another Circle, LLC and Hendrix Acquisition Corp. (the "Merger Agreement"), whereby each such share of Hastings Common Stock was converted into the right to receive $3.00, in cash and without interest. |
2. Pursuant to the Merger Agreement, all options to purchase Hastings Common Stock that were issued by Hastings were cancelled and terminated immediately upon the effective time of the Merger contemplated therein and, to the extent any such option was vested as of such effective time and had an exercise price of less than $3.00 per share, the holder of such option is entitled to receive an amount equal to the difference between $3.00 and the exercise price of such option multiplied by the number of Hastings Common Stock subject to such option, which amount shall be payable in cash and without interest. Notwithstanding the foregoing, all such options held by John Marmaduke, Dan Crow or Alan Van Ongevalle shall be cancelled and terminated without consideration, regardless of exercise price or vesting. |
3. Options vest 20% on each anniversary of the grant date. |
4. Options expire on the 10 year anniversary of the grant date. |
Remarks: |
Alan Van Ongevalle | 07/18/2014 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |