4//SEC Filing
CHRISTOPHER & BANKS CORP 4
Accession 0000883943-17-000009
CIK 0000883943operating
Filed
Jan 18, 7:00 PM ET
Accepted
Jan 19, 4:34 PM ET
Size
8.1 KB
Accession
0000883943-17-000009
Insider Transaction Report
Form 4
WALLER JOEL N
President
Transactions
- Award
Common Stock
2017-01-17+200,000→ 220,000 total - Award
Employee Stock Option (Right to Buy)
2017-01-17+375,000→ 375,000 totalExercise: $1.42Exp: 2022-01-17→ Common Stock (375,000 underlying)
Footnotes (2)
- [F1]The reporting person was awarded 200,000 shares of Common Stock pursuant to a Restricted Stock Agreement. The restricted stock will vest, if at all, in two tranches: one tranche of 100,000 shares will vest if, on any date prior to the "Vesting Date" (as defined below), the Company's common stock has a closing price equal to or greater than $3.00 on the New York Stock Exchange ("NYSE"), and the second tranche of 100,000 shares will vest if, on any date prior to the Vesting Date, the Company's common stock has a closing price equal to or greater than $4.00 on the NYSE. If a threshold is not met, the tranche of shares of restricted stock subject to such threshold will be forfeited. "Vesting Date" means the twelve-month anniversary of Executive's last date of service as interim CEO.
- [F2]The reporting person was granted an option that will vest and become exercisable upon the earlier to occur of: (i) January 17, 2018, (ii) the date on which the Company has hired a permanent Chief Executive Officer, and (iii) the termination of the reporting person's employment without cause due to a change in control of the Company. The stock options will be exercisable after vesting and also following the reporting person's employment termination (assuming such termination is not for cause, death or disability) for the lesser of (i) three years following the reporting person's employment termination date and (ii) the remaining term of the option.
Documents
Issuer
CHRISTOPHER & BANKS CORP
CIK 0000883943
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000883943
Filing Metadata
- Form type
- 4
- Filed
- Jan 18, 7:00 PM ET
- Accepted
- Jan 19, 4:34 PM ET
- Size
- 8.1 KB