4//SEC Filing
WEST MARINE INC 4
Accession 0000912833-17-000007
CIK 0000912833operating
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:41 PM ET
Size
14.3 KB
Accession
0000912833-17-000007
Insider Transaction Report
Form 4
WEST MARINE INCWMAR
Kelley Barry
EVP - Stores & Wholesale
Transactions
- Award
Common Stock
2017-03-02$9.10/sh+1,263$11,493→ 72,527 total - Tax Payment
Common Stock
2017-03-02$9.10/sh−1,403$12,767→ 71,124 total - Tax Payment
Common Stock
2017-03-02$9.10/sh−489$4,450→ 70,635 total - Tax Payment
Common Stock
2017-03-03$9.12/sh−1,446$13,188→ 69,189 total
Footnotes (6)
- [F1]Performance-based restricted stock units ("PVUs") awarded on March 2, 2015 were subject to the achievement of a certain pre-established metric 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 performance metric and determined the number of PVUs that were earned. The PVUs vest over a three-year period, with 33% which vested on the first anniversary of the grant date, another 33% vested 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. Upon vesting, each PVU has the same terms as the time-vested restricted stock unit ("RSU"), as described and included in footnote 2, except that the initial RSU vesting of 33% occurs upon the initial vesting of the PVU.
- [F2]Includes 19,761 unvested 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 include 1,999 shares received 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 3,630 RSUs on March 2, 2017.
- [F4]Shares withheld to cover income taxes related to the vesting of 1,263 PVUs on March 2, 2017.
- [F5]Shares withheld to cover income taxes related to the vesting of 3,740 RSUs on March 3, 2017.
- [F6]Does not include 30,833 exercisable stock options or 1,302 unvested PVUs.
Issuer
WEST MARINE INC
CIK 0000912833
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000912833
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:41 PM ET
- Size
- 14.3 KB