CRUSE ERNEST 4
4 · STAGE STORES INC · Filed Mar 21, 2006
Insider Transaction Report
Form 4
CRUSE ERNEST
EVP, Store Operations
Transactions
- Award
Stock Appreciation Rights (SARs)
2006-03-17$28.77/sh+15,000$431,550→ 22,284 totalExercise: $28.77From: 2007-03-17Exp: 2013-03-17→ Common Stock (15,000 underlying)
Footnotes (1)
- [F1]On March 17, 2006, Mr. Cruse was granted Stock Appreciation Rights (SARs) with respect to a total of 15,000 shares of common stock. The grant price for the SARs is $28.77 per share of common stock. The SARs will vest at the rate of 25% per year on the first four anniversary dates from the date of grant. They will expire on the earlier of (i) sixty days after Mr. Cruse is no longer an officer of Stage Stores Inc. or (ii) seven years from the date of grant.