BLUM PAUL 4
4 · COLE KENNETH PRODUCTIONS INC · Filed Sep 27, 2012
Insider Transaction Report
Form 4
BLUM PAUL
CEO
Transactions
- Disposition to Issuer
Class A Common Stock
2012-09-25$15.25/sh−25,630$390,858→ 0 total - Disposition to Issuer
Option to Buy
2012-09-25$2.95/sh−250,000$737,500→ 0 totalExercise: $12.30Exp: 2021-07-28→ Class A Common Stock (250,000 underlying)
Footnotes (3)
- [F1]Pusuant to the Merger Agreement, by and between issuer, Kenneth Cole Productions, Inc., and KCP Holdco, Inc., all restricted shares with lapse dates beyond September 25, 2012, the closing date of the merger, are cancelled and reporting person will receive a cash obligation equal to the number of restricted shares multiplied by the conversion price of $15.25 payable on the dates which the restrictions would have lapsed, subject to the reporting person remaining employed through the dates the payments are to be made. The cash obligation does not extend to performance based restricted shares. All such performance based shares are cancelled and all lapse schedules related thereto are null and void as of the claosing date of the merger.
- [F2]Disposed of pursuant to the Merger Agreement. All options, whether unvested or vested, were cancelled and converted into a right to receive per share the excess of $15.25 over the per share exercise price.
- [F3]The options were to vest in four annual installments beginning July 28, 2012.