WET SEAL INC 4
4 · WET SEAL INC · Filed Oct 10, 2014
Insider Transaction Report
Form 4
WET SEAL INCWTSL
Kubo Jon
Sr. Vp. E-Commerce & CIO
Transactions
- Award
Non-Qualified Stock Option (right-to-buy)
2014-10-06$0.57/sh+266,667$152,000→ 266,667 totalExercise: $0.63From: 2015-10-06Exp: 2024-10-06→ Non-Qualified Stock Option (right-to-buy) (266,667 underlying) - Award
Common Stock Class A
2014-10-06$0.57/sh+190,476$108,571→ 190,476 total
Footnotes (2)
- [F1]On October 6, 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 Executives 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 Amended and Restated Stock Incentive Plan. The stock option becomes exercisable in three equal annual installments, commencing one year after the date of grant.