FREDS INC 4
4 · FREDS INC · Filed Apr 3, 2015
Insider Transaction Report
Form 4
FREDS INCFRED
Efird Bruce A
President & CEO
Transactions
- Sale
Options on Class A Common Stock
2015-04-02$16.99/sh−22,297$378,826→ 250,000 totalExercise: $13.02From: 2012-03-21Exp: 2016-04-21→ Class A Common Stock (22,297 underlying) - Other
Class A Common Stock
2015-04-02−41,203→ 0 total - Other
Options on Class A Common Stock
2015-04-02−250,000→ 0 totalExercise: $13.64From: 2017-01-29Exp: 2017-08-23→ Class A Common Stock (250,000 underlying)
Footnotes (3)
- [F1]Cancelation of unvested restricted stock upon employee termination of service.
- [F2]Cashless exercise of 22,297 options with strike price of $13.02 for an average sales price of $16.99. Sales prices ranged from $16.85 to $17.18. The options were granted on 3/21/2011 and vested ratably over a three year period.
- [F3]Cancelation of unvested stock options upon employee termination of service. Options granted on 8/24/2012. Vesting was based upon achievement of performance metrics, which were not met.