4//SEC Filing
JAKKS PACIFIC INC 4
Accession 0001144204-08-000490
$JAKKCIK 0001009829operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 5:01 PM ET
Size
7.5 KB
Accession
0001144204-08-000490
Insider Transaction Report
Form 4
FRIEDMAN JACK
DirectorChairman and Co-CEO
Transactions
- Award
Common Stock
2008-01-01$23.61/sh+120,000$2,833,200→ 638,897 total
Footnotes (5)
- [F1]Such 120,000 shares were issued pursuant to the terms of Holder's Employment Agreement with the Issuer and are further subject to the terms of that certain January 1, 2008 Restricted Stock Award Agreement (the "Agreement") by and between the Holder and the Issuer. The Agreement provides that the Holder will forfeit his rights to all 120,000 shares unless certain conditions precedent are met prior to January 1, 2009, including the condition that the Issuer's Pre-Tax Income (as defined in the Agreement) for 2008 exceeds $2,000,000, whereupon the forfeited shares will become authorized but unissued shares of the Issuer's common stock.
- [F2]The Agreement prohibits the Holder from selling, assigning, transferring, pledging or otherwise encumbering (a) 60,000 of the 120,000 shares prior to January 1, 2009 and (b) the remaining 60,000 shares prior to January 1, 2010; provided, however, that if the Issuer's Pre-Tax Income for 2008 exceeds $2,000,000 and the Issuer's Adjusted EPS Growth (as defined in the Agreement) for 2008 increases by certain percentages as set forth in the Agreement, the vesting of some or all of the 60,000 shares that would otherwise vest on January 1, 2010 will be accelerated to the date the Adjusted EPS Growth is determined.
- [F3]Represents the closing price of the Issuer's common stock on 12/31/07, as reported by Nasdaq.
- [F4]Includes 175,000 shares with respect to which the Holder has agreed with the Issuer shall be subject to the following restrictions on resale: none of such shares may be sold prior to June 11, 2009 and not more than 50% (i.e., 87,500) of such shares may be sold prior to June 11, 2010.
- [F5]Pursuant to the terms of that certain January 1, 2007 Restricted Stock Award Agreement (the "2007 Agreement") by and between the Holder and the Issuer, the Holder is prohibited from selling, assigning, transferring, pledging or otherwise encumbering 60,000 shares prior to January 1, 2009; provided, however, that if the Issuer's Pre-Tax Income for 2007 exceeds $2,000,000 and the Issuer's Adjusted EPS Growth (as defined in the 2007 Agreement) for 2007 increases by certain percentages as set forth in the 2007 Agreement, the vesting of some or all of the 60,000 shares that would otherwise vest on January 1, 2009 will be accelerated to the date the Adjusted EPS Growth is determined.
Documents
Issuer
JAKKS PACIFIC INC
CIK 0001009829
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001009829
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 5:01 PM ET
- Size
- 7.5 KB