TUESDAY MORNING CORP/DE 4
4 · TUESDAY MORNING CORP/DE · Filed Jul 1, 2016
Insider Transaction Report
Form 4
MONTALTO WILLIAM
Director
Transactions
- Tax Payment
Common Stock
2016-06-30$7.03/sh−2,313$16,260→ 53,199 total - Disposition to Issuer
Common Stock
2016-06-30−29,699→ 23,500 total
Holdings
- 55,000(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents shares withheld with a fair market value in an amount sufficient to satisfy the tax liability incurred upon the vesting of shares of restricted stock on June 30, 2016.
- [F2]Originally granted 59,397 shares of restricted stock pursuant to the Company's 2014 Long-Term Incentive Plan of which 1/12th would vest on the last business day of each month ending December 30, 2016. Since his employment obligation has been fulfilled more efficiently than anticipated by ending on June 30, 2016 rather than December 30, 2016, 29,699 shares are being cancelled pursuant to the terms of his Restricted Stock Agreement.