CHRISTOPHER & BANKS CORP 4
4 · CHRISTOPHER & BANKS CORP · Filed Mar 20, 2017
Insider Transaction Report
Form 4
WALLER JOEL N
President
Transactions
- Purchase
Common Stock
2017-03-17$1.26/sh+20,000$25,200→ 240,000 total
Holdings
- 375,000
Employee Stock Option (Right to Buy)
Exercise: $1.42Exp: 2022-01-17→ Common Stock (375,000 underlying)
Footnotes (2)
- [F1]This number includes restricted stock awards.
- [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.