FREDS INC 4
4 · FREDS INC · Filed Aug 12, 2016
Insider Transaction Report
Form 4
FREDS INCFRED
McMillan Michael T
Director
Transactions
- Award
Class A Common Stock
2016-08-05+3,500→ 30,000 total - Award
Options on Class A Common Stock
2016-08-05+3,500→ 3,500 totalExercise: $14.29From: 2017-08-05Exp: 2023-08-05→ Class A Common Stock (3,500 underlying)
Footnotes (2)
- [F1]Granted 3500 shares of restricted stock. Restrictions lapse after grantee ceases to be a member of the Board of Directors.
- [F2]Granted 3500 stock options. The options vest 20% per year on the anniversary of the grant date so long as grantee remains a member of the Board of Directors. A Form 4 filed on 5/31/16 inaccurately reported a grant of 12000 options intended to be reported for another reward recipient. This filing correctly reports the options held by the grantee.