CHRISTOPHER & BANKS CORP 4
4 · CHRISTOPHER & BANKS CORP · Filed Jun 17, 2009
Insider Transaction Report
Form 4
CARTER RODNEY
EVP, Chief Financial Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2009-06-15$5.37/sh+30,000$161,100→ 30,000 totalExercise: $5.37From: 2010-06-15Exp: 2019-06-15→ Common Stock (30,000 underlying) - Award
Employee Stock Option (Right to Buy)
2009-06-15$5.37/sh+40,000$214,800→ 40,000 totalExercise: $5.37From: 2010-06-15Exp: 2019-06-15→ Common Stock (40,000 underlying) - Award
Common Stock
2009-06-15+30,000→ 75,000 total - Award
Common Stock
2009-06-15+45,000→ 45,000 total
Footnotes (5)
- [F1]On June 15, 2009, the reporting person was granted 45,000 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 June 15, 2010, June 15, 2011 and June 15, 2012, pursuant to the terms of the Restricted Stock Agreement.
- [F2]On June 15, 2009, the reporting person was granted 30,000 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 June 15, 2011 and June 15, 2012.
- [F3]This number includes restricted stock awards.
- [F4]On June 15, 2009, the reporting person was granted an option to exercise 30,000 shares of Common Stock. The option vests equally in three annual installments of 10,000 shares beginning on June 15, 2010.
- [F5]On June 15, 2009, the reporting person was granted an option to exercise 40,000 shares of Common Stock. The option vests equally in five annual installments of 8,000 shares beginning on June 15, 2010.