4//SEC Filing
Charney Dov 4
Accession 0001104659-13-026178
CIK 0001336545other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:16 PM ET
Size
7.0 KB
Accession
0001104659-13-026178
Insider Transaction Report
Form 4
Charney Dov
DirectorChairman, CEO and President10% Owner
Transactions
- Award
Option (right to buy)
2011-07-12+1,604,917→ 1,604,917 total→ Common Stock (1,604,917 underlying)
Footnotes (2)
- [F1]Pursuant to a Purchase Agreement dated as of April 27, 2011 (the "Purchase Agreement") between the Issuer and the reporting person, the reporting person received the right to receive (i) up to approximately 12,659,994 shares of common stock of the Issuer as anti-dilution protection with respect to the issuance of shares of common stock to certain other investors in the Issuer and (ii) up to an additional 25,319,988 shares of common stock as anti-dilution protection with respect to the issuance of shares of common stock to certain other investors in the Issuer in proportion to the exercise by such investors of their right to purchase certain shares of common stock of the Issuer. On July 12, 2011, the reporting person received a right to purchase an additional 1,604,917 shares of common stock of the Issuer (the "Anti-Dilution Shares") as a result of such investors exercising their right to purchase certain shares of common stock of the Issuer.
- [F2]The Anti-Dilution Shares are issuable in three equal installments, one per measurement period set forth below, subject to meeting the applicable average volume weighted closing price for 60 consecutive trading days, calculated as set forth in the Purchase Agreement ("VWAP") as follows: (i) for the measurement period from April 16, 2012 to and including April 15, 2013, if the VWAP of the common stock during a period of 60 consecutive trading days exceeds $3.25 per share; (ii) for the measurement period from but not including April 16, 2013 to and including April 15, 2014 if the VWAP of the common stock during a period of 60 consecutive trading days exceeds $4.25 per share; and (iii) for the measurement period from but not including April 16, 2014 to and including April 15, 2015, if the VWAP of the common stock during a period of 60 consecutive trading days exceeds $5.25 per share.
Documents
Issuer
AMERICAN APPAREL, INC
CIK 0001336545
Entity typeother
Related Parties
1- filerCIK 0001421296
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:16 PM ET
- Size
- 7.0 KB