Statement of Changes in Beneficial Ownership (4)
December 02 2020 - 04:29PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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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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1. Name
and Address of Reporting Person * Chipman Kristy |
2. Issuer Name and Ticker or Trading
Symbol Ruths Hospitality Group, Inc. [ RUTH ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
See Remarks |
(Last)
(First)
(Middle)
1030 W. CANTON AVE. STE 100 |
3. Date of Earliest Transaction (MM/DD/YYYY)
11/30/2020
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(Street)
WINTER PARK, FL 32789
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
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1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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 |
11/30/2020 |
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A |
|
27039 |
A |
$0.00 (1) |
27039 |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. 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 |
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 of Derivative Security: 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 |
Market Stock Units |
(2) |
11/30/2020 |
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A |
|
22818 (2) |
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(2) |
(2) |
Common Stock |
22818 |
$0.00 |
22818 |
D |
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Explanation of
Responses: |
(1) |
Consists of shares of
restricted stock, granted pursuant to the Company's 2018 Omnibus
Incentive Plan, 50% of which vest on November 30, 2023 and 50% of
which vest on November 30, 2024. |
(2) |
Consists of 22,818 market
stock units (MSUs), granted pursuant to the Company's 2018 Omnibus
Incentive Plan, each representing the right to receive one share of
the Company's common stock (or cash equivalent value in the
Company's discretion). The number of MSUs reported assumes target
performance. The actual number of MSUs that may be earned range
from 0 shares to 34,227 based on the average of the closing price
of the Company's common stock for the 10 consecutive trading days
ending on the date of grant (referred to as Starting Average
Closing Price) as compared to the average closing share price of
the Company's common stock for the 10 consecutive trading days
ending on November 30, 2023 (referred to as Ending Average Closing
Price). The earned MSUs vest 50% on November 30, 2023 and 50% on
November 30, 2024. |
Remarks:
EVP, CHIEF FINANCIAL OFFICER, PRINCIPAL ACCOUNTING OFFICER |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Chipman Kristy
1030 W. CANTON AVE. STE 100
WINTER PARK, FL 32789 |
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See Remarks |
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Signatures
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/s/ Marcy Norwood Lynch, under Power of
Attorney |
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12/2/2020 |
**Signature of Reporting
Person |
Date |