Williams Steven R Jr 4
4 · STAGE STORES INC · Filed Jun 27, 2019
Insider Transaction Report
Form 4
Williams Steven R Jr
EVP, CIO
Transactions
- Disposition to Issuer
Common Stock
2019-06-26$0.79/sh−30,000$23,640→ 0 total - Exercise/Conversion
2017 Restricted Stock Unit - 6/26/2017
2019-06-26−30,000→ 60,000 total→ Common Stock (30,000 underlying) - Exercise/Conversion
Common Stock
2019-06-26+30,000→ 30,000 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 June 26, 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 June 26, 2017.
- [F4]Represents the portion of the cash-settled RSUs granted on June 26, 2017 that vested on June 26, 2019.