Thompson Gary A 4
4 · CHRISTOPHER & BANKS CORP · Filed Apr 15, 2009
Insider Transaction Report
Form 4
Thompson Gary A
SVP, Store Operations
Transactions
- Award
Common Stock
2009-04-13+22,500→ 47,500 total - Award
Common Stock
2009-04-13+15,000→ 25,000 total - Award
Employee Stock Option (Right to Buy)
2009-04-13$4.18/sh+35,000$146,300→ 35,000 totalExercise: $4.18From: 2010-04-13Exp: 2019-04-13→ Common Stock (35,000 underlying)
Holdings
- 10,500
Employee Stock Option (Right to Buy)
Exercise: $6.80From: 2009-06-30Exp: 2018-06-30→ Common Stock (10,500 underlying)
Footnotes (4)
- [F1]On June 30, 2008, the reporting person was granted an option to exercise 10,500 shares of Common Stock. The option vests equally in three annual installments beginning on June 30, 2009.
- [F2]On April 13, 2009, the reporting person was granted 15,000 shares of Common Stock pursuant to a Restricted Stock Agreement. The shares are subject to forfeiture and are scheduled to vest as to one-third of the shares on each of April 13, 2010, April 13, 2011 and April 13, 2012, pursuant to the terms of the Restricted Stock Agreement.
- [F3]On April 13, 2009, the reporting person was granted 22,500 shares of Common Stock pursuant to a Restricted Stock Agreement. All or a portion of the shares are subject to forfeiture based on pre-determined corporate financial performance criteria for fiscal year 2010. Following the completion of fiscal 2010, a determination will be made if the threshold financial performance criteria have been met or exceeded. If the threshold level of performance is not met, all of the Restricted Stock is forfeited. To the extent that the performance-based restrictions lapse as to some or all of the Restricted Stock, then the shares vest as follows: (i) one-third as of the date the performance-based restrictions lapse and (ii) one-third each on April 13, 2011 and April 13, 2012.
- [F4]On April 13, 2009, the reporting person was granted an option to exercise 35,000 shares of Common Stock. The option vests equally in five annual installments of 7,000 shares beginning on April 13, 2010.