Buckley Michael F 4
4 · Centric Brands Inc. · Filed Oct 31, 2018
Insider Transaction Report
Form 4
Buckley Michael F
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock, par value $0.10 per share
2018-10-29+150,000→ 926,371 total - Exercise/Conversion
Restricted Stock Units
2018-10-29−144,588→ 0 totalFrom: 2018-10-29Exp: 2018-10-29→ Common Stock, par value $0.10 per share (144,588 underlying) - Exercise/Conversion
Common Stock, par value $0.10 per share
2018-10-29+144,588→ 826,370 total - Tax Payment
Common Stock, par value $0.10 per share
2018-10-29$4.22/sh−49,999$210,996→ 776,371 total - Tax Payment
Common Stock, par value $0.10 per share
2018-10-29$4.22/sh−60,513$255,365→ 865,858 total - Exercise/Conversion
Performance Share Units
2018-10-29−150,000→ 0 totalFrom: 2018-10-29Exp: 2018-10-29→ Common Stock, par value $0.10 per share (150,000 underlying)
Footnotes (2)
- [F1]The reporting person previously received a grant of shares of Restricted Stock Units ("RSUs") and Performance Share Units ("PSUs") that represented a contingent right to receive one share of the Company's common stock pursuant to the Differential Brands Group Inc. 2016 Stock Incentive Plan, as amended, (the "Plan") and previously reported on Table II of a Form 3. Pursuant to the separation agreement by and between Mr. Buckley and the Company, dated October 29, 2018, the Company accelerated the vesting of the remaining 144,688 RSUs scheduled to vest on 12/31/18 and 150,000 of his PSUs.
- [F2]In accordance with the terms and conditions of the RSU and PSU agreement, and as permitted under the Plan, the Company withheld an equivalent amount of RSUs at fair market value to pay the minimum tax withholding requirements for the reporting person. There was no open market sale of common stock by the reporting person.