Filing Details

Accession Number:
0001144204-16-126864
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-10-04 19:13:44
Reporting Period:
2016-09-30
Filing Date:
2016-10-04
Accepted Time:
2016-10-04 19:13:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
42228 Golden Enterprises Inc GLDC Miscellaneous Food Preparations & Kindred Products (2090) 630250005
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1259857 Randy Bates One Golden Flake Drive
Birmingham AL 35205
Executive Vice President Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2016-09-30 5,657 $12.00 0 No 4 S Direct
Common Stock Disposition 2016-09-30 4,460 $12.00 0 No 4 S Indirect See Footnote
Common Stock Disposition 2016-09-30 5,231,128 $12.00 0 No 4 S Indirect By SYB, Inc.
Common Stock Disposition 2016-09-30 600,279 $12.00 0 No 4 S Indirect By Testamentary Marital Trust (2
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Indirect See Footnote
No 4 S Indirect By SYB, Inc.
No 4 S Indirect By Testamentary Marital Trust (2
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option Disposition 2016-09-30 35,000 $12.00 35,000 $3.84
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2016-04-23 2016-04-09 No 4 S Direct
Footnotes
  1. Owned by 401(k) Plan account for the benefit of Paul R. Bates.
  2. Mr. Bates serves on the Voting Committee created under the Will of and the SYB, Inc. Common Stock Trust created by Sloan Y. Bashinsky, Sr. (AMr. Bashinsky@). The Voting Committee voted the shares of Issuer=s stock owned by the Marital Trust created by the Will of Mr. Bashinsky and the shares owned by SYB, Inc. As part of a merger of Golden Enterprises, Inc. with an unrelated entity, SYB, Inc. and the Marital Trust have sold all Shares of Common Stock of the Issuer and the Voting Committee ceased to exist. Mr. Bates disclaims beneficial ownership of such Shares and proceeds therefrom.
  3. Issuer is merging with an unrelated third party and upon merger stock options will be cancelled, whether or not vested, and the option holder will be paid an amount equal to $12.00 minus the per share exercise price multiplied by the number of stock options.
  4. The stock options vested in two unequal installments beginning on 4/23/2016.