SEC Form 4
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*
PERLMAN RICHARD E

(Last) (First) (Middle)
C/O TURBOCHEF TECHNOLOGIES, INC.
655 MADISON AVENUE

(Street)
NEW YORK NY 10021

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TURBOCHEF TECHNOLOGIES INC [ OVEN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
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
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
Common Stock 01/05/2009 G 60,000 D $0 1,628,187 D
Common Stock 01/05/2009 D 1,628,187 D (1) 0 D
Common Stock 01/05/2009 D 464,878 D (2) 0 I See footnote.(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
Restricted Stock Units (4) 01/05/2009 D 46,400 (4) (4) Common Stock 46,400 (4) 0 D
Employee stock option (right to buy) $5.25 01/05/2009 D 416,633 12/31/2005 10/29/2013 Common Stock 416,633 (5) 0 D
Explanation of Responses:
1. Disposed of pursuant to the merger agreement between issuer and Chef Acquisition Corp., a merger subsidiary of The Middleby Corporation in exchange for $5,975,446 in cash and 79,129 shares of Middleby common stock having a market value of $29.42 per share on the effective date of the merger, plus a small amount of cash in exchange for a fractional share of Middleby common stock.
2. Disposed of pursuant to the merger agreement between issuer and Chef Acquisition Corp., a merger subsidiary of The Middleby Corporation in exchange for $1,706,102 in cash and 22,593 shares of Middleby common stock having a market value of $29.42 per share on the effective date of the merger, plus a small amount of cash in exchange for a fractional share of Middleby common stock.
3. Mr. Perlman is a limited partner of, and owns a 16.17% interest in, OvenWorks, LLLP, which owns 432,185 shares. In addition, Mr. Perlman is the controlling shareholder of Oven Management, Inc., the general partner of OvenWorks, LLLP. Oven Management, Inc. owns 32,693 shares. Mr. Perlman disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest.
4. These restricted stock units representing the right to receive one share of TurboChef common stock for each unit were awarded on March 29, 2007, vested immediately prior to the effective time of the merger and were cancelled and converted into the right to receive the merger consideration for each share formerly represented by a unit, $3.67 in cash and .0486 shares of common stock of The Middleby Corporation, plus cash in lieu of any fractional share.
5. This option was out of the money at the effective time of the merger and was cancelled.
Remarks:
/s/ Dennis J. Stockwell 01/06/2009
** 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).
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