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) 09/01/2005 | ||||||||||||||||||||||||||
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 Comon Stock | 09/01/2005 | A | 7,000(1) | A | (1) | 31,880(2) | D |
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 | ||||||||
Employee Stock Option(3) | $31.32 | (4) | 07/15/2012 | Class A Common Stock | 100,000 | 100,000 | D | ||||||||
Employee Stock Option(3) | $35.69 | (5) | 01/02/2013 | Class A Common Stock | 10,000 | 10,000 | D | ||||||||
Employee Stock Option(3) | $32.57 | (6) | 08/25/2013 | Class A Common Stock | 17,220 | 17,220 | D | ||||||||
Employee Stock Option(3) | $36.41 | (7) | 08/31/2014 | Class A Common Stock | 14,640 | 14,640 | D | ||||||||
Employee Stock Option(3) | $42.97 | 09/01/2005 | A | 21,000 | (8) | 09/01/2015 | Class A Common Stock | 21,000 | $0 | 21,000 | D |
Explanation of Responses: |
1. Restricted Stock Grant. Vests in five equal annual installments of 1,400 shares each commencing on 9/1/06. |
2. Total includes four grants of restricted stock pursuant to Rule 16b-3 and the Company's 1998 Stock Option and Compensation Plan: (1) grant of 5,000 shares vesting in 1,000 share increments commencing on 1/2/04 and continuing on the four successive anniversaries of such date; (2) grant of 15,000 shares vesting in 3,000 share increments commencing on 1/2/03 and continuing on the four successive anniversaries of such date; (3) grant of 4,880 shares vesting in 976 share increments commencing on 8/31/05 and continuing on the four successive anniversaries of such date; and (4) grant of 7,000 shares vesting in 1,400 share increments commencing on 9/1/06 and continuing on the four successive anniversaries of such date. |
3. Pursuant to Rule 16b-3 (right to buy). |
4. Option vests as follows: 33,334 shares on 7/15/03, 33,333 shares on 7/15/04 and 33,333 shares on 7/15/05. |
5. 3,333 shares each vest on 1/2/04 and 1/2/05 and 3,334 shares vest on 1/2/06. |
6. 5,740 shares each vest on 8/25/04, 8/25/05 and 8/25/06. |
7. 4,880 shares each vest on 8/31/05, 8/31/06 and 8/31/07. |
8. 7,000 shares vest on each of 9/1/06, 9/1/07 and 9/1/08. |
/s/ Richard L. Marcantonio | 09/06/2005 | |
** 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. |