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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
| 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 Underlying Securities (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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Unit (1) | $ 40.96 (2) | 04/26/2006 | A | 12.2 (3) | (4) | (5) | Class A Common Stock | 12 (6) | $ 0 | 777 (7) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| FORTUN WAYNE M G&K SERVICES, INC. MINNETONKA, MN 55343 |
X | |||
| /s/ Wayne M. Fortun | 04/26/2006 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | Pursuant to the terms of the G&K Services, Inc. (the "Company") Amended and Restated Directors' Deferred Compensation Plan ("Plan"), Stock Units are units of unpaid cash or Stock Award (as defined in the Plan) compensation deferred by a participant under the Plan. Stock Units entitle the holder thereof to receive an equivalent number of shares of the Company's Class A Common Stock ("Common Stock") upon certain termination events. The Stock Units herein referenced are the result of the deferral by Mr. Fortun of cash consideration payable to him as a result of his participation in a telephonic meeting of the Compensation Committee of the Company's Board of Directors on April 26, 2006. |
| (2) | Pursuant to the terms of the Plan, represents the average closing price of the Common Stock during the ten business days preceding April 26, 2006 (the "Average Market Value"). |
| (3) | Pursuant to the terms of the Plan, the number of Stock Units issued is determined by dividing the relevant dollar amount by the Average Market Value (as defined above). |
| (4) | The Stock Units do not entitle the holder thereof to any voting or other rights as a Company shareholder until the date of issuance of a certificate representing shares of Common Stock in lieu of such Stock Units. |
| (5) | Mr. Fortun has elected to defer his 2006 compensation resulting from his participation on the Company's Board of Directors and committees thereof until the termination of his services as a director of the Company for any reason. |
| (6) | Upon any issuance of shares of Common Stock, cash will be paid in lieu of fractional shares. |
| (7) | Rounded to the nearest whole share. |