COSBY MARK 4
4 · Michaels Companies, Inc. · Filed Nov 2, 2020
Insider Transaction Report
Form 4
COSBY MARK
DirectorInterim CEO
Transactions
- Exercise/Conversion
Common Stock
2020-10-30+9,375→ 154,197 total - Exercise/Conversion
Restricted Stock Units
2020-10-30−5,073→ 20,292 total→ Common Stock (5,073 underlying) - Exercise/Conversion
Restricted Stock Units
2020-10-30−9,375→ 46,875 total→ Common Stock (9,375 underlying) - Tax Payment
Common Stock
2020-10-30$8.11/sh−7,494$60,776→ 146,703 total - Exercise/Conversion
Common Stock
2020-10-30+5,073→ 144,822 total
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock without the payment of additional consideration.
- [F2]Withholding of common stock to satisfy reporting person's tax obligation upon the (i) restriction lapse of a restricted stock award or (ii) vesting of a restricted stock unit award.
- [F3]On November 4, 2019, the reporting person was granted 40,584 restricted stock units, vesting twelve and a half percent (12.5%) on the last business day of the fiscal quarter of The Michaels Companies, Inc. (the "Company") in which the grant was made and on each of the seven subsequent fiscal quarter-ends of the Company.
- [F4]On February 3, 2020, the reporting person was granted 75,000 restricted stock units, vesting twelve and a half percent (12.5%) on the last business day of the fiscal quarter of the Company in which the grant was made and on each of the seven subsequent fiscal quarter-ends of the Company.