BARRY PATRICK 4
4 · BLUEFLY INC · Filed Oct 2, 2007
Insider Transaction Report
Form 4
BLUEFLY INCBFLY
BARRY PATRICK
COO & CFO
Transactions
- Exercise/Conversion
Common Stock
2007-10-01+1,354,231→ 1,629,196 total - Exercise/Conversion
Deferred Stock Units
2007-10-01−1,354,231→ 2,708,461 totalExercise: $0.00→ Common Stock (1,354,231 underlying) - Tax Payment
Common Stock
2007-10-01$0.92/sh−573,517$527,636→ 1,055,679 total
Footnotes (4)
- [F1]Represents shares of Common Stock distributed in respect of Deferred Stock Units ("DSUs") on October 1, 2007.
- [F2]Represents shares of Common Stock retained by Bluefly, Inc. for tax withholding purposes in connection with the distribution of shares of Common Stock in respect of DSUs.
- [F3]On November 13, 2006, the reporting person was granted 4,062,692 DSUs under the Bluefly Inc. 2005 Stock Incentive Plan. Such DSUs vest as follows: (i) one-third vest in four equal quarterly installments commencing on October 1, 2006 (the "One-Year DSUs"), (ii) one-third vest in eight equal quarterly installments commencing on October 1, 2006 (the "Two-Year DSUs") and (iii) one-third vest in twelve equal quarterly installments commencing on October 1, 2006 (the "Three-Year DSUs"). The shares of Common Stock underlying such DSUs are generally distributable on the following dates: (i) with respect to the One-Year DSUs only, October 1, 2007, (ii) with respect to the Two-Year DSUs only, October 1, 2008 and (iii) with respect to the Three-Year DSUs only, October 1, 2009.
- [F4]Not applicable.