OLBERZ ERIC S 4

Accession 0001144204-05-029581

CIK 0000892907other

Filed

Sep 21, 8:00 PM ET

Accepted

Sep 22, 1:33 PM ET

Size

23.6 KB

Accession

0001144204-05-029581

Form 4

Period: 2005-09-20

Director

Transactions

Award
Stock option (right to buy)
2005-09-20+2,000→ 2,000 total
Exercise: $16.53From: 2005-09-20Exp: 2015-09-20→ Common Stock (2,000 underlying)
Disposition to Issuer
Stock option (right to buy)
2005-09-22−5,000→ 0 total
Exercise: $8.25Exp: 2007-08-01→ Common Stock (5,000 underlying)
Award
Stock option (right to buy)
2005-09-22+500→ 500 total
Exercise: $8.27Exp: 2015-09-20→ Class B Common Stock (500 underlying)
Other
Common Stock
2005-09-20−57,865→ 0 total
Award
Stock option (right to buy)
2005-09-22+3,500→ 3,500 total
Exercise: $8.27Exp: 2015-09-20→ Class A Common Stock (3,500 underlying)
Other
Class A Common Stock
2005-09-22+101,262→ 101,262 total
Other
Class B Common Stock
2005-09-20+14,466→ 14,466 total
Award
Stock option (right to buy)
2005-09-22+8,750→ 8,750 total
Exercise: $4.13Exp: 2007-08-01→ Class A Common Stock (8,750 underlying)
Disposition to Issuer
Stock option (right to buy)
2005-09-22−2,000→ 0 total
Exercise: $16.53Exp: 2015-09-20→ Common Stock (2,000 underlying)
Award
Stock option (right to buy)
2005-09-22+1,250→ 1,250 total
Exercise: $4.13Exp: 2007-08-01→ Class B Common Stock (1,250 underlying)

Footnotes (5)

[F1]Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock ($0.01 par value) was reclassified into 0.25 of a share of Class B Common Stock ($0.01 par value) (the "Reclassification").
[F2]SPCH declared a dividend of seven shares of Class A Common Stock ($0.01 par value) for each share of Class B Common Stock outstanding as of September 22, 2005 (the "Dividend").
[F3]As a result of the Reclassification and the Dividend, (i) each SPCH option outstanding on 9/22/05 was automatically converted into two separate options, one with respect to a number of shares of Class B Common Stock equal to 0.25 times the number of existing Common Stock subject to such option, and one with respect to a number of shares of Class A Common Stock equal to 1.75 times the number of shares of existing Common Stock subject to such option and (ii) the applicable exercise price per share of each such option shall be one-half of the exercise price for the existing Common Stock. Amendment of outstanding options resulting in deemed cancellation of existing option and grant of replacement option.
[F4]The option was originally granted on September 20, 2005 and provides for vesting fully upon grant.
[F5]The option was originally granted on August 1, 2002 and provides for vesting in three equal annual installments commencing on August 1, 2002.

Documents

1 file

SPORT CHALET INC

CIK 0000892907

Entity typeother