Markoe Lynda 4
4 · J CREW GROUP INC · Filed Sep 17, 2010
Insider Transaction Report
Form 4
Markoe Lynda
EVP-Human Resources
Transactions
- Award
Common Stock, par value $0.01
2010-09-15+5,000→ 38,519 total - Award
Stock Option (right to purchase)
2010-09-15+30,000→ 30,000 totalExercise: $35.02Exp: 2017-09-15→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]5,000 restricted shares of Common Stock were granted pursuant to an equity incentive plan of the issuer. Subject to the issuer's satisfaction of certain performance criteria in any of fiscal years 2011 or 2012, 2,500 shares will vest on each of September 15, 2013 and September 15, 2014.
- [F2]Includes 12,000 restricted shares of Common Stock, granted under an equity incentive plan of the issuer, of which 7,000 shares will vest on April 15, 2011; and 2,500 shares will vest (subject to the issuer's satisfaction of certain performance criteria in any of fiscal years 2011 or 2012) on each of September 15, 2013 and September 15, 2014.
- [F3]The options become exercisable in five equal annual installments beginning on the first anniversary of the Grant Date. The options are subject to a cap which results in a stock-settled automatic exercise of any then vested options if the Fair Market Value (as defined in the J.Crew Group, Inc. Amended and Restated 2008 Equity Incentive Plan) of the Corporation's Common Stock reaches or exceeds 400% of the exercise price.