0001179110-11-012616.txt : 20110825 0001179110-11-012616.hdr.sgml : 20110825 20110825121227 ACCESSION NUMBER: 0001179110-11-012616 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110824 FILED AS OF DATE: 20110825 DATE AS OF CHANGE: 20110825 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Caine Lynn Crump CENTRAL INDEX KEY: 0001403517 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-04063 FILM NUMBER: 111055834 MAIL ADDRESS: STREET 1: 370 KNOLLWOOD STREET STREET 2: SUITE 500 CITY: WINSTON-SALEM STATE: NC ZIP: 27103 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: G&K SERVICES INC CENTRAL INDEX KEY: 0000039648 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 410449530 STATE OF INCORPORATION: MN FISCAL YEAR END: 0626 BUSINESS ADDRESS: STREET 1: 5995 OPUS PARKWAY STREET 2: SUITE 500 CITY: MINNETONKA STATE: MN ZIP: 55343 BUSINESS PHONE: 6129125500 MAIL ADDRESS: STREET 1: 5995 OPUS PARKWAY STREET 2: SUITE 500 CITY: MINNETONKA STATE: MN ZIP: 55343 FORMER COMPANY: FORMER CONFORMED NAME: NORTHWEST LINEN CO DATE OF NAME CHANGE: 19681227 4 1 edgar.xml FORM 4 - X0304 4 2011-08-24 0 0000039648 G&K SERVICES INC GKSR 0001403517 Caine Lynn Crump G&K SERVICES, INC. 5995 OPUS PARKWAY MINNETONKA MN 55343 1 0 0 0 Stock Units 2011-08-24 4 J 0 1224.40 0 D Class A Common Stock 1224.40 0 D Pursuant to the terms of the Company's Amended and Restated Directors' Deferred Compensation Plan, Stock Units are units of unpaid cash or Stock Award (as defined in the Plan) compensation deferred by a participant under the plan. Stock Units entitle the holder thereof to receive an equivalent number of shares of the Company's Class A Common Stock upon certain termination events. On August 24, 2011, the Company terminated its Amended and Restated Directors' Deferred Compensation Plan. All Stock Units in a director's account were converted to an equivalent amount of cash determined by multiplying the number of Stock Units times the average of the closing prices of the Company's common stock during the ten business days preceding the August 24, 2011 valuation date, and such balance was transferred to the Company's Non-Qualified Deferred Compensation Plan (DEFCO). The amounts transferred may not be withdrawn by Ms. Crump-Caine until Ms. Crump-Caine's termination of board service, at which time the account will be paid in a lump sum. Further, Ms. Crump-Caine will not be allowed to contribute additional amounts to her DEFCO account. The Stock Units do not entitle the holder thereof to any voting or other rights as a Company shareholder until the date of issuance of a certificate representing shares of the Company's Class A Common Stock in lieu of such Stock Units. The Stock Units represent deferred compensation that was to be be paid out upon Ms. Crump-Caine's termination of services as a director of the Company for any reason. Due to the conversion of the Stock Units discussed above, they no longer remain outstanding. /s/ Jeffrey L. Cotter, Attorney-in-Fact 2011-08-25