4//SEC Filing
Cotter James M. 4
Accession 0001140361-10-005350
CIK 0000109156other
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 4:10 PM ET
Size
12.2 KB
Accession
0001140361-10-005350
Insider Transaction Report
Form 4
ZALE CORPZLC
Cotter James M.
Director
Transactions
- Award
Stock options (right to buy)
2010-02-08$3.75/sh+5,000$18,750→ 5,000 totalExercise: $3.75From: 2011-02-08Exp: 2020-02-08→ Common Stock (5,000 underlying)
Holdings
- 4,902
Restricted Stock Units
Exercise: $0.00From: 2009-11-18→ Common Stock (4,902 underlying) - 1,040
Common Stock
- 5,000
Deferred Stock Units
Exercise: $0.00→ Common Stock (5,000 underlying) - 3,080
Stock Options (right to buy)
Exercise: $14.46From: 2009-01-17Exp: 2018-01-17→ Common Stock (3,080 underlying)
Footnotes (4)
- [F1]Granted under the Zale Corporation Non-Employee Director Equity Compensation Plan, as amended (the "Plan") and vests on 2/8/2011. Pursuant to the governing documents of Breeden Partners L.P., Breeden Partners (California) L.P., Breeden Partners (California) II L.P., Breeden Partners (New York) I L.P., Breeden Partners Holdco Ltd. and Breeden Partners (Cayman) Ltd. (the ?Funds?), any economic benefit with respect to this grant will be apportioned among the Funds.
- [F2]Restricted stock units granted under the Plan that vested on November 18, 2009. The holder will be entitled to receive one share of common stock for each unit, unless the Board of Directors determines that payment shall be made in cash. The holder has elected to defer delivery of any shares that would be due by virtue of vesting until the date that is six months following his separation from service on the Company's Board. Pursuant to the Funds' governing documents (as defined above), any economic benefit with respect to the grant will be apportioned among the Funds.
- [F3]Deferred stock units granted under the Plan. Under the terms of the Plan, Mr. Cotter elected to receive the deferred stock units in lieu of a portion of the quarterly cash retainer payment of $10,000 for service as a member of the Company's Board of Directors. Mr. Cotter was granted 5,000 deferred stock units based on the 2/27/2009 closing price of $1.25. The deferred stock units vest immediately upon grant. The holder is entitled to receive one share of common stock for each unit, unless the Board of Directors determines that payment shall be made in cash. The holder has elected to defer delivery of any shares that would be due until the date that is six months following his separation from service on the Company's Board. Pursuant to the Funds' governing documents, any economic benefit with respect to the grant will be apportioned among the Funds.
- [F4]Granted under the Plan and vests in four annual installments beginning January 17, 2009. Pursuant to the Funds' governing documents, any economic benefit with respect to these stock options will be apportioned among the Funds.
Documents
Issuer
ZALE CORP
CIK 0000109156
Entity typeother
Related Parties
1- filerCIK 0001424376
Filing Metadata
- Form type
- 4
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 4:10 PM ET
- Size
- 12.2 KB