4//SEC Filing
FINLAY ENTERPRISES INC /DE 4
Accession 0001181431-07-009195
CIK 0000878731operating
Filed
Feb 6, 7:00 PM ET
Accepted
Feb 7, 3:54 PM ET
Size
30.2 KB
Accession
0001181431-07-009195
Insider Transaction Report
Form 4
Puscasiu Christian
10% Owner
Transactions
- Award
Phantom Stock Units
2007-02-05$9.71/sh+644$6,253→ 1,572,834 total(indirect: See Footnote)Exercise: $0.00→ Common Stock (644 underlying)
Richardson Kevin A II
10% Owner
Transactions
- Award
Phantom Stock Units
2007-02-05$9.71/sh+644$6,253→ 1,572,834 total(indirect: See Footnote)Exercise: $0.00→ Common Stock (644 underlying)
Lawlor Henry J Jr
10% Owner
Transactions
- Award
Phantom Stock Units
2007-02-05$9.71/sh+644$6,253→ 1,572,834 total(indirect: See Footnote)Exercise: $0.00→ Common Stock (644 underlying)
McCarthy Charles E
10% Owner
Transactions
- Award
Phantom Stock Units
2007-02-05$9.71/sh+644$6,253→ 1,572,834 total(indirect: See Footnote)Exercise: $0.00→ Common Stock (644 underlying)
Prides Capital Partners, LLC
10% Owner
Transactions
- Award
Phantom Stock Units
2007-02-05$9.71/sh+644$6,253→ 1,572,834 total(indirect: See Footnote)Exercise: $0.00→ Common Stock (644 underlying)
Indick Murray A
10% Owner
Transactions
- Award
Phantom Stock Units
2007-02-05$9.71/sh+644$6,253→ 1,572,834 total(indirect: See Footnote)Exercise: $0.00→ Common Stock (644 underlying)
Footnotes (5)
- [F1]Phantom stock units were credited to an account for Charles E. McCarthy, under the Issuer's Director Deferred Compensation and Stock Purchase Plan approved by stockholders (the "Director Plan"), in connection with the deferral of Charles E. McCarthy 's director fees. These units are fully vested at all times. Generally, in accordance with the Director Plan, Charles E. McCarthy will receive one share of Common Stock for each such unit as soon as practicable following the earlier of: (i) termination of his directorship or (ii) the expiration of the three year deferral period elected by Charles E. McCarthy (as such period may be amended).
- [F2]The shares of Common Stock reported herein as indirectly beneficially owned by Prides Capital Partners, L.L.C. are owned directly by Prides Capital Fund I, L.P. (1,572,834 shares of common stock including the phantom stock units discussed herein). Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed to be the beneficial owner of shares owned by such entity. Because Kevin A. Richardson, II, Murray A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy and Christian Puscasiu are the controlling shareholders of Prides Capital Partners, L.L.C., they may be deemed to be the beneficial owners of shares deemed to be beneficially owned by such entity.
- [F3]Each of Prides Capital Partners, L.L.C., Prides Capital Fund I, L.P, Kevin A. Richardson, II, Murray A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy and Christian Puscasiu disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
- [F4]Phantom stock units were credited to an account for Charles E. McCarthy, through matching by the Issuer, under the Director Plan. These matching units will generally vest on the one year anniversary of the transaction date. Generally, for each matching unit, Charles E. McCarthy will receive one share of Common Stock as soon as practicable following the earlier of: (i) termination of his directorship or (ii) the expiration of the deferral period.
- [F5]Each phantom stock unit converts to common stock on a one-for-one basis.
Issuer
FINLAY ENTERPRISES INC /DE
CIK 0000878731
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000878731
Filing Metadata
- Form type
- 4
- Filed
- Feb 6, 7:00 PM ET
- Accepted
- Feb 7, 3:54 PM ET
- Size
- 30.2 KB