WET SEAL INC 4
4 · WET SEAL INC · Filed Sep 5, 2014
Insider Transaction Report
Form 4
WET SEAL INCWTSL
Gartner Christine Lee
EVP/CMO
Transactions
- Award
Non-Qualified Stock Option (right-to-buy)
2014-09-03$0.75/sh+238,328$178,746→ 238,328 totalExercise: $0.83From: 2015-09-03Exp: 2024-09-03→ Non-Qualified Stock Option (right-to-buy) (238,328 underlying) - Award
Common Stock Class A
2014-09-03$0.75/sh+155,760$116,820→ 155,760 total
Footnotes (2)
- [F1]On September 3, 2014, restricted stock units were granted pursuant to The Wet Seal, Inc. 2005 Amended and Restated Stock Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units vest with respect to 33 1/3% of the shares on each of the next three (3) anniversaries of the Date of Grant until the restricted stock units are 100% vested, subject to Executive's Continuous Service with the Company on each of those vesting dates.
- [F2]Represents Non-Qualified Stock Option (right to buy) granted under the Company's 2005 Stock Incentive Plan. The stock option becomes exercisable in three equal annual installments, commencing one year after the date of grant.