COSBY MARK 4
4 · Michaels Companies, Inc. · Filed Feb 2, 2021
Insider Transaction Report
Form 4
COSBY MARK
DirectorInterim CEO
Transactions
- Exercise/Conversion
Common Stock
2021-01-31+5,073→ 151,080 total - Exercise/Conversion
Restricted Stock Units
2021-01-31−9,375→ 9,375 total→ Common Stock (9,375 underlying) - Exercise/Conversion
Common Stock
2021-01-31+9,375→ 160,455 total - Exercise/Conversion
Restricted Stock Units
2021-01-31−5,073→ 5,073 total→ Common Stock (5,073 underlying) - Tax Payment
Common Stock
2021-01-31$15.50/sh−7,834$121,427→ 152,621 total
Footnotes (4)
- [F1]Withholding of common stock to satisfy reporting person's tax obligation upon the restriction lapse of a restricted stock award.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock without the payment of additional consideration.
- [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.