4//SEC Filing
CATO WAYLAND H JR 4
Accession 0001181431-04-048846
CIK 0000018255other
Filed
Oct 25, 8:00 PM ET
Accepted
Oct 26, 3:28 PM ET
Size
7.0 KB
Accession
0001181431-04-048846
Insider Transaction Report
Form 4
CATO CORPCTR
CATO WAYLAND H JR
DirectorCHAIRMAN OF THE BOARD
Transactions
- Other
STARS
2002-01-08+1→ 1 total(indirect: By Partnership)→ Class A Common Stock (200,000 underlying)
Footnotes (2)
- [F1]STARS is an acronym for a secured forward sale transaction designated as a Special Term Appreciation Retention Sale.
- [F2]On 1/8/2002, the Cato Family Investments Limited Partnership, pursuant to STARS agreements with a bank counterparty, agreed to sell 200,000 shares of class A common stock of The Cato Corporation (the "Shares") at approximately 76% of a floor price of $18.1968 ($2,754,996) which the Partnership received on 1/11/2002. The Partnership agreed to deliver the Shares in increments to the counterparty over ten business days in Feb. 2005 (the "Settlement Dates"). The Partnership pledged the Shares to secure its obligations to the counterparty. On the Settlement Dates, the Partnership will have the option of (a) paying cash to the counterparty and reclaiming the pledged Shares, (b) delivering all the pledged Shares to the counterparty or (c) if the market price of the Shares exceeds the floor price, settling with most of the pledged Shares and reclaiming some of the pledged Shares.
Documents
Issuer
CATO CORP
CIK 0000018255
Entity typeother
Related Parties
1- filerCIK 0001167363
Filing Metadata
- Form type
- 4
- Filed
- Oct 25, 8:00 PM ET
- Accepted
- Oct 26, 3:28 PM ET
- Size
- 7.0 KB