DUSKIN JONATHAN 4
4 · Citi Trends Inc · Filed Dec 4, 2019
Insider Transaction Report
Form 4
Citi Trends IncCTRN
DUSKIN JONATHAN
Director
Transactions
- Sale
Common Stock, $0.01 par value
2019-12-02$20.65/sh−2,100$43,365→ 486,910 total(indirect: By Macellum SPV III, LP)
Holdings
- 4,390
Common Stock, $0.01 par value
Footnotes (3)
- [F1]Represents shares of restricted stock awarded to Mr. Duskin in his capacity as a director of the Issuer. The restricted stock will vest on the earlier of (i) one year after the date of grant, which would be June 5, 2020 or (ii) the date of the annual meeting of the Company's stockholders in 2020, provided Mr. Duskin is a director of the Issuer at such time.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.60 to $20.73. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Represents securities of the Issuer owned directly by Macellum SPV III, LP ("Macellum SPV"). Macellum Management, LP ("Macellum Management") serves as the investment manager of Macellum SPV. Macellum Advisors GP, LLC ("Macellum GP") serves as the general partner of Macellum Management and Macellum SPV. As the sole member of Macellum GP, Mr. Duskin may be deemed to beneficially own the securities of the Issuer owned directly by Macellum SPV. Mr. Duskin disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.