CRUSE ERNEST 4
4 · STAGE STORES INC · Filed Mar 31, 2009
Insider Transaction Report
Form 4
CRUSE ERNEST
EVP, Store Operations
Transactions
- Tax Payment
Common Stock
2009-03-27$9.89/sh−2,206$21,817→ 8,685 total - Award
Common Stock
2009-03-27+8,340→ 10,891 total - Award
Stock Appreciation Rights (SARs)
2009-03-27+30,000→ 115,926 totalExercise: $9.77From: 2010-03-27Exp: 2016-03-27→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]Represents Performance Shares granted March 17, 2006 and awarded as common stock on March 27, 2009 as a result of the completion of the three year Performance Cycle that began on the first day of the 2006 fiscal year (January 29, 2006) and ended on the last day of the 2008 fiscal year (January 31, 2009).
- [F2]On March 27, 2009, the reporting person was granted Stock Appreciation Rights (SARs) with respect to a total of 30,000 shares of common stock. The grant price for the SARs is $9.77 per share of common stock, which was the closing price of the Issuer's common stock on that date. The SARs will vest 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 termination of employment (one year if termination is due to death, disability or retirement), or (ii) seven years from the date of grant.