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4-Traders Homepage  >  Equities  >  Nyse  >  Biglari Holdings Inc    BH

Delayed Quote. Delayed  - 02/10 04:02:37 pm
357.93 USD   +0.43%
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BIGLARI : Other Events, Financial Statements and Exhibits (form 8-K)

12/17/2015 | 05:27pm US/Eastern

Item 8.01. Other Events.

On December 17, 2015, The Lion Fund II, L.P. ("The Lion Fund II") entered into a Rule 10b5-1 Trading Plan (the "Purchase Plan") pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, with respect to shares of common stock (the "Shares") of Biglari Holdings Inc. (the "Company"). Under the Purchase Plan, a broker dealer will make periodic purchases of up to an aggregate of 24,000 Shares on behalf of The Lion Fund II at prevailing market prices, subject to the terms of the Purchase Plan. This description of the Purchase Plan does not purport to be complete and is qualified in its entirety by the text of the Purchase Plan, a copy of which is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Sardar Biglari, Chairman and Chief Executive Officer of the Company, is Chairman, Chief Executive Officer and the sole owner of Biglari Capital Corp., the general partner of The Lion Fund II, which, together with its affiliates, beneficially owns approximately 49.5% of the outstanding Shares.


                  Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.

Exhibit No.     Description
99.1            Rule 10b5-1 Trading Plan, dated December 17,
                2015, between The Lion Fund II, L.P. and J.P.
                Morgan Securities LLC




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