4/A//SEC Filing
CIRCUIT CITY STORES INC 4/A
Accession 0000104599-03-000084
CIK 0000104599operating
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 2:01 PM ET
Size
7.3 KB
Accession
0000104599-03-000084
Insider Transaction Report
Form 4/AAmended
FROMAN JOHN W
Executive Vice President/COO
Transactions
- Award
Circuit City Stores Inc. Common Stock
2003-06-17+95,000→ 220,406 total - Award
Options
2003-06-17$7.39/sh+155,000$1,146,225→ 799,957 totalExercise: $7.39From: 2006-02-28Exp: 2013-06-17→ Common Stock (155,000 underlying)
Footnotes (5)
- [F1]The actual number of shares earned will be based on Circuit City's fiscal year 2006 operating profit margin. If Circuit City's fical year 2006 operating profit margin performance is below 4% it is at the Committee's discretion for the vesting of shares, at 4% equals 100% vested, at 4.5% equals 125% vested, at 5% equals 150% vested, at 5.5% equals 175% vested and 6% equals 200% vested.
- [F2]Effective October 1,2002, in connection with the redemption and cancellation of all of the outstanding shares of Circuit City Stores, Inc. - Carmax Group Common Stock and the separation of Carmax, Inc. from Circuit City Stores, Inc., the Circuit City Stores, Inc.-Circuit City Group common Stock was redesignated "Common Stock" of Circuit City Stores, Inc.
- [F3]Effective October 1, 2002, in connection with the separation of Carmax Inc. from Circuit City Stores, Inc., the exercise price, number of options and number of shares underlying the options were adjusted pursuant to the anti-dilution provisions set forth in the option plan in order to maintain the pre-separation intrinsic economic value of the options.
- [F4]Mr Froman has shared voting power for 5500 of the shares of common stock beneficially owned by his wife.
- [F5]Originally footnote 1 stated, "The actual number of shares earned will be based on Circuit City's fiscal year 2006 operating profit margin versus peers." This sentence should have stated "The actual number of shares earned will be based on Circuit City's fiscal year 2006 operating profit margin."
Documents
Issuer
CIRCUIT CITY STORES INC
CIK 0000104599
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0000104599
Filing Metadata
- Form type
- 4/A
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 2:01 PM ET
- Size
- 7.3 KB