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
G&K SERVICES INC [ GKSRA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/31/2005 | ||||||||||||||||||||||||||
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 | ||||||
Class A Common Stock | 12/02/2005 | G | V | 25,640 | D | $0 | 70,362 | D | ||
Class A Common Stock | 12/12/2005 | G | V | 2,125 | D | $0 | 68,237 | D | ||
Class B Common Stock | 12/31/2005(1) | J(1) | 831,914 | D | (1) | 0 | D | |||
Class A Common Stock | 12/31/2005(1) | J(1) | 831,914 | A | (1) | 900,151 | D | |||
Class A Common Stock | 78,226 | I | As Co-Trustee of the David Robert Fink 1992 Trust | |||||||
Class A Common Stock | 16,156 | I | By the Richard & Beverly Fink Family Foundation | |||||||
Class A Common Stock | 7,700 | I | By Spouse |
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 | ||||||||
Stock Option | $25 | 12/31/2005 | D(2) | 12,500 | 05/25/2003 | 05/25/2010 | Class A Common Stock | 12,500 | $0 | 0 | D | ||||
Stock Option | $25 | 12/31/2005 | A(2) | 12,500 | 04/25/2003 | 12/31/2006 | Class A Common Stock | 12,500 | $0 | 12,500 | D | ||||
Stock Option | $35.4 | 12/31/2005 | D(3) | 12,300 | (3) | 01/02/2013 | Class A Common Stock | 12,300 | $0 | 0 | D | ||||
Stock Option | $35.4 | 12/31/2005 | A(3) | 12,300 | 12/31/2005(3) | 12/31/2006 | Class A Common Stock | 12,300 | $0 | 12,300 | D | ||||
Stock Option | $32.57 | 12/31/2005 | D(4) | 11,058 | (4) | 08/25/2013 | Class A Common Stock | 11,058 | $0 | 0 | D | ||||
Stock Option | $32.57 | 12/31/2005 | A(4) | 11,058 | 12/31/2005(4) | 12/31/2006 | Class A Common Stock | 11,058 | $0 | 11,058 | D | ||||
Stock Option | $46 | 09/01/2001 | 09/01/2008 | Class A Common Stock | 3,850 | 3,850 | D | ||||||||
Stock Option | $41.5625 | 09/01/2002 | 12/31/2008 | Class A Common Stock | 4,259 | 4,259 | D | ||||||||
Stock Option | $28.5 | 09/01/2003 | 12/31/2008 | Class A Common Stock | 6,456 | 6,456 | D | ||||||||
Stock Option | $27.95 | 09/01/2004 | 12/31/2008 | Class A Common Stock | 6,887 | 6,887 | D |
Explanation of Responses: |
1. Under a Stockholders Agreement dated June 14, 1985, these shares of Class B Common Stock were converted as of 12/31/05, the date of the Reporting Person's retirement, into shares of Class A Common Stock, subject to completion of documentation of the cancellation of the Class B Common Stock certificates. |
2. This stock option was amended in connection with Mr. Fink's retirement on December 31, 2005, with the amendment reported herein as the disposition of an outstanding option and the simultaneous grant of a new option with the following amended terms: The post-termination exercise period was extended to the date twelve months after termination of employment. Before the amendment, the option provided that it could be exercised for three months after termination of employment. |
3. This stock option was amended in connection with Mr. Fink's retirement on December 31, 2005, with the amendment reported herein as the disposition of an outstanding option and the simultaneous grant of a new option with the following amended terms: (A) The post-termination exercise period was extended to the date twelve months after termination of employment. Before the amendment, the option provided that it could be exercised for three months after termination of employment. (B) The vesting of the option was accelerated to December 31, 2005 with respect to the final installment of 4,100 shares, originally scheduled to vest on January 2, 2006. |
4. This stock option was amended in connection with Mr. Fink's retirement on December 31, 2005, with the amendment reported herein as the disposition of an outstanding option and the simultaneous grant of a new option with the following amended terms: (A) The post-termination exercise period was extended to the date twelve months after termination of employment. Before the amendment, the option provided that it could be exercised for three months after termination of employment. (B) The vesting of the option was accelerated to December 31, 2005 with respect to the final installment of 3,686 shares, originally scheduled to vest on August 25, 2006. |
/s/ Richard Fink | 01/04/2006 | |
** 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. |