0001209191-22-053332.txt : 20221011
0001209191-22-053332.hdr.sgml : 20221011
20221011164455
ACCESSION NUMBER: 0001209191-22-053332
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221007
FILED AS OF DATE: 20221011
DATE AS OF CHANGE: 20221011
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Wehner Tony
CENTRAL INDEX KEY: 0001940086
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35664
FILM NUMBER: 221304545
MAIL ADDRESS:
STREET 1: 1221 S. BELT LINE RD., SUITE 500
CITY: COPPELL
STATE: TX
ZIP: 75019
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Dave & Buster's Entertainment, Inc.
CENTRAL INDEX KEY: 0001525769
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812]
IRS NUMBER: 352382255
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0202
BUSINESS ADDRESS:
STREET 1: 2481 MANANA DRIVE
CITY: DALLAS
STATE: TX
ZIP: 75220
BUSINESS PHONE: 214-357-9588
MAIL ADDRESS:
STREET 1: 2481 MANANA DRIVE
CITY: DALLAS
STATE: TX
ZIP: 75220
FORMER COMPANY:
FORMER CONFORMED NAME: Dave & Buster's Parent, Inc.
DATE OF NAME CHANGE: 20110713
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-10-07
0
0001525769
Dave & Buster's Entertainment, Inc.
PLAY
0001940086
Wehner Tony
1221 S. BELT LINE RD., SUITE 500
COPPELL
TX
75019
0
1
0
0
SVP, Chief Operating Officer
Common Stock
2022-10-07
4
A
0
14984
0.00
A
16420
D
Stock Option (Right to Buy)
2022-10-07
4
A
0
11339
37.04
A
Common Stock
11339
11339
D
Stock Option (Right to Buy)
2022-10-07
4
A
0
13499
37.04
A
Common Stock
13499
13499
D
Performance Stock Unit 4
2022-10-07
4
A
0
26998
0.00
A
Common Stock
26998
26998
D
Performance Stock Unit 5
2022-10-07
4
A
0
21598
0.00
A
Common Stock
21598
21598
D
Vests in equal installments on October 7, 2023, 2024, 2025, 2026 and 2027.
This grant is subject to a condition whereby the Reporting Person is required to purchase $500,000 (the "Maximum Amount") in the Registrants common stock, par value $0.01 per share (the "Common Stock") during an open trading window on or before January 13, 2023 (or the next available open trading window if the preceding trading windows are closed), hold such purchased Common Stock when the related options vest subject to a decline in the amount of required holding by 20% upon the vesting of each annual installment. In the event Reporting Person fails to comply with the purchasing vesting condition, they will forfeit an amount of the options proportionate to any shortfall from such Maximum Amount to a minimum threshold of $200,000 after which all of the options will be forfeited. Subject to the forgoing conditions, the options vest in equal installments on October 7, 2023, 2024, 2025, 2026 and 2027.
Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from October 7, 2022 through October 7, 2027. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $74.08 based on the volume-weighted average price for the sixty (60) consecutive trading days ending on October 7, 2027 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to October 7, 2027. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on October 7, 2027. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than October 7, 2027.
Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from October 7, 2022 through October 7, 2027. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $111.12; based on the volume-weighted average price for the sixty (60) consecutive trading days ending on October 7, 2027 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to October 7, 2027. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on October 7, 2027. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than October 7, 2027.
Sherri M. Smith, Attorney-in-Fact
2022-10-11