4//SEC Filing
JENNIFER CONVERTIBLES INC 4
Accession 0000921895-11-000358
CIK 0000806817operating
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:06 PM ET
Size
6.5 KB
Accession
0000921895-11-000358
Insider Transaction Report
Form 4
ABADA RAMI
DirectorPresident and CFO
Transactions
- Award
Stock Option
2011-02-22+50,000→ 50,000 totalExercise: $14.44→ Common Stock, par value $0.01 per share (50,000 underlying)
Footnotes (2)
- [F1]The option vests and becomes exercisable with respect to 30,000 shares in three equal installments on each of August 27, 2011, August 26, 2012, and August 31, 2013. The option vests and becomes exercisable with respect to 20,000 shares in two equal installments on each of August 31, 2012 and August 31, 2013, provided the Issuer meets or exceeds 85% of the EBITDA forecasted in the Issuer's annual budget approved by the Issuer's board of directors in fiscal years 2012 and 2013, respectively.
- [F2]The expiration date is (1) at all times beginning thirty days after the listing of the Issuer's common stock on NASDAQ or another national securities exchange, the earlier of three years from the date of the reporting person's final day of employment by the Issuer and August 31, 2018 or (2) at all other times, the earlier of five years from the date of the reporting person's final day of employment by the Issuer and August 31, 2018.
Documents
Issuer
JENNIFER CONVERTIBLES INC
CIK 0000806817
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000806817
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:06 PM ET
- Size
- 6.5 KB