4//SEC Filing
WEST MARINE INC 4
Accession 0000912833-16-000127
CIK 0000912833operating
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 5:58 PM ET
Size
12.5 KB
Accession
0000912833-16-000127
Insider Transaction Report
Form 4
WEST MARINE INCWMAR
Lasher Jeff
Chief Financial Officer
Transactions
- Award
Common Stock
2016-12-14+1,264→ 41,129 total - Tax Payment
Common Stock
2016-12-14−2,356→ 38,773 total - Tax Payment
Common Stock
2016-12-14−411→ 38,362 total
Footnotes (5)
- [F1]Performance-based restricted stock units ("PVUs") granted on December 14, 2015 were subject to achievement of a pre-established performance goal over the one-year performance period ending at the end of fiscal 2015. The Compensation and Leadership Development Committee of the Issuer's Board of Directors certified the Issuer's achievement of the performance goal and determined the number of PVUs that were earned. The PVUs vest over a three-year period, with 33% vesting on the first anniversary of the grant date, another 33% vesting on the second anniversary of the grant date, and 34% vesting on the third anniversary of the grant date, in each case subject to the continued employment with the Issuer.
- [F2]Includes 30,761 unvested time-vested restricted stock units ("RSUs"). RSUs represent the right to receive one share of common stock for each RSU upon vesting. RSUs vest over a three-year period, with 33% vesting on the first anniversary of the grant date, another 33% vesting on the second anniversary of the grant date, and 34% vesting on the third anniversary of the grant date, subject to continued employment with the Issuer. Also includes 1,544 shares acquired in October 2016 under the Issuer's Amended and Restated Associates Stock Buying Plan.
- [F3]Shares withheld to cover income taxes related to the vesting of 7,260 RSUs on December 14, 2016.
- [F4]Shares withheld to cover income taxes related to the vesting of 1,264 PVUs on December 14, 2016.
- [F5]Does not include unvested PVUs.
Issuer
WEST MARINE INC
CIK 0000912833
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000912833
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 5:58 PM ET
- Size
- 12.5 KB