STAGE STORES INC 4
4 · STAGE STORES INC · Filed Apr 12, 2017
Insider Transaction Report
Form 4
REYNOLDS CHADWICK P
SVP, CLO and Secretary
Transactions
- Award
Restricted Stock Unit
2017-04-10+30,000→ 30,000 total→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (RSU) represents the right to receive, at settlement, cash equal to the fair market value of one share of the Issuer's common stock on the vesting date. Upon vesting, each cash settlement shall not exceed five times the per share fair market value of the Issuer's common stock on the grant date multiplied by the number of RSUs vesting.
- [F2]The restricted stock units vest 25% per year on the first four anniversary dates from the date of grant.