REYNOLDS CHADWICK P 4
4 · STAGE STORES INC · Filed Apr 12, 2018
Insider Transaction Report
Form 4
REYNOLDS CHADWICK P
SVP, CLO and Secretary
Transactions
- Disposition to Issuer
Common Stock
2018-04-10$2.80/sh−7,500$21,000→ 27,501 total - Exercise/Conversion
2017 Restricted Stock Unit - 4/10/2017
2018-04-10−7,500→ 22,500 total→ Common Stock (7,500 underlying) - Exercise/Conversion
Common Stock
2018-04-10+7,500→ 35,001 total
Footnotes (4)
- [F1]Represents the vesting and cash settlement of restricted stock units ("RSU") in accordance with the terms of the award agreement granted on April 10, 2017.
- [F2]Each 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.
- [F3]The RSUs vest 25% per year on the first four anniversary dates from the grant date of April 10, 2017.
- [F4]Represents the portion of the cash-settled RSUs granted on April 10, 2017 that vested on April 10, 2018.