ZALE CORP 4
4 · ZALE CORP · Filed Aug 21, 2013
Insider Transaction Report
Form 4
ZALE CORPZLC
Lennox Richard A
EVP, Chief Marketing Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2013-08-19$8.70/sh−7,500$65,250→ 0 totalExercise: $0.00From: 2011-08-17→ Common Stock (7,500 underlying) - Exercise/Conversion
Common Stock
2013-08-19$8.70/sh+7,500$65,250→ 36,203 total - Tax Payment
Common Stock
2013-08-19$8.70/sh−2,052$17,852→ 34,151 total
Holdings
- 50,000
Stock Options (right to buy)
Exercise: $3.95From: 2012-09-02Exp: 2021-09-02→ Common Stock (50,000 underlying) - 70,000
Stock Options (right to buy)
Exercise: $2.37From: 2011-02-26Exp: 2020-02-26→ Common Stock (70,000 underlying) - 20,100
Restricted Stock Units
Exercise: $0.00From: 2013-07-31→ Common Stock (20,100 underlying) - 23,450
Restricted Stock Units
Exercise: $0.00From: 2012-09-02→ Common Stock (23,450 underlying) - 50,000
Stock Options (right to buy)
Exercise: $5.66From: 2010-08-17Exp: 2019-08-17→ Common Stock (50,000 underlying) - 30,000
Restricted Stock Units (Performance)
Exercise: $0.00→ Common Stock (30,000 underlying) - 55,000
Stock Options (right to buy)
Exercise: $2.00From: 2011-09-23Exp: 2020-09-23→ Common Stock (55,000 underlying)
Footnotes (6)
- [F1]Reflects the issuance of 7,500 shares of Common Stock to the undersigned upon the vesting of restricted stock units as shown on Table 2 of this report.
- [F2]Reflects the withholding of 2,052 shares by the Company to satisfy tax obligations in connection with the vesting of 7,500 shares of restricted stock units. No shares were bought or sold in the open market.
- [F3]Performance-based restricted stock units granted under the Zale Corporation 2011 Omnibus Incentive Plan that vest as to 100% of the units if the Company satisfies a certain performance goal over any period of four consecutive fiscal quarters beginning on August 1, 2012 and ending on July 31, 2015. Upon vesting, 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.
- [F4]Restricted stock units granted under Zale Corporation 2011 Omnibus Incentive Plan that vest as to 33% of the units on the first anniversary of the grant date, as to an additional 33% of the units on the second anniversary of the grant date and as to the remaining 34% of the units on the third anniversary of the grant date. Upon vesting, 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.
- [F5]Restricted stock units granted under Zale Corporation 2003 Stock Incentive Plan that vest as to 33% of the units on the first anniversary of the grant date, as to an additional 33% of the units on the second anniversary of the grant date and as to the remaining 34% of the units on the third anniversary of the grant date. Upon vesting, 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.
- [F6]Restricted stock units granted under Zale Corporation 2003 Stock Incentive Plan that vest as to 25% of the units on the second anniversary of the grant date, as to an additional 25% of the units on the third anniversary of the grant date and as to the remaining 50% of the units on the fourth anniversary of the grant date. Upon vesting, 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. This report reflects the vesting of the final 7,500 units.