New York & Company, Inc. 4
4 · New York & Company, Inc. · Filed Aug 31, 2016
Insider Transaction Report
Form 4
Worthington John M
President and COO
Transactions
- Award
Common Stock
2016-08-22+50,000→ 337,500 total - Award
Stock Appreciation Rights
2016-08-22+200,000→ 200,000 totalExercise: $2.15Exp: 2026-08-22→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]The reporting person was awarded restricted stock which vests on August 22, 2019.
- [F2]Includes 12,500 shares of common stock, 250,000 shares of restricted stock which vest on November 3, 2017, 25,000 shares of restricted stock which vest on August 25, 2018, and 50,000 shares of restricted stock which vest on August 22, 2019.
- [F3]The reporting person was awarded stock appreciation rights (SARs) which vest as follows: 50,000 on August 22, 2017; 50,000 on August 22, 2018, and 100,000 on August 22, 2019. Each SAR represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the SAR to the date of exercise of the SAR. Upon exercise the SARs will be settled in stock.