4//SEC Filing
MICHIELUTTI PETER G 4
Accession 0001179110-12-007120
CIK 0000883943other
Filed
Apr 23, 8:00 PM ET
Accepted
Apr 24, 12:08 PM ET
Size
12.2 KB
Accession
0001179110-12-007120
Insider Transaction Report
Form 4
MICHIELUTTI PETER G
SVP, Chief Financial Officer
Transactions
- Award
Common Stock
2012-04-23+20,000→ 20,000 total - Award
Common Stock
2012-04-23+18,817→ 38,807 total - Award
Common Stock
2012-04-23+30,000→ 30,000 totalExercise: $1.86From: 2013-04-19Exp: 2022-04-23→ Common Stock (30,000 underlying)
Footnotes (4)
- [F1]On April 23, 2012, the reporting person was granted an option to purchase 30,000 shares of the Company's Common Stock that becomes fully exercisable on April 19, 2013. The option is subject to accelerated vesting in the event the reporting person is terminated by the Company, other than for cause, and accelerated vesting on a pro rata basis in the event of his death or disability.
- [F2]On April 23, 2012, the reporting person was awarded 20,000 shares of Common Stock pursuant to a Restricted Stock Agreement. All or a portion of the shares are subject to forfeiture if (i) with respect to the first tranche of 10,000 Restricted Shares, if on or prior to April 19, 2013 the closing stock price of the Company's Common Stock, as reported on the NYSE, does not exceed $3.50 for a period of 20 consecutive Trading Days, and (ii) with respect to the second tranche of 10,000 Restricted Shares, if on or prior to April 19, 2013 the closing stock price of the Company's Common Stock, as reported on the NYSE, does not exceed $4.50 for a period of 20 consecutive Trading Days.
- [F3]On April 23, 2012, the reporting person was granted 18,817 shares of Common Stock pursuant to a Restricted Stock Agreement. All of the shares are subject to forfeiture based on pre-determined corporate financial performance criteria for the fiscal year ending February 3, 2013 ("Fiscal 2012"). Following completion of Fiscal 2012, a determination will be made if the threshold financial performance has been met or exceeded. If the threshold level of performance is not met for the financial performance criteria, all of the Restricted Stock is forfeited. To the extent that the performance-based restrictions lapse as to the Restricted Stock, then 50% of the shares vest following this determination and 50% on March 29, 2014.
- [F4]This number includes restricted stock awards.
Documents
Issuer
CHRISTOPHER & BANKS CORP
CIK 0000883943
Entity typeother
Related Parties
1- filerCIK 0001194666
Filing Metadata
- Form type
- 4
- Filed
- Apr 23, 8:00 PM ET
- Accepted
- Apr 24, 12:08 PM ET
- Size
- 12.2 KB