J CREW GROUP INC 4/A
4/A · J CREW GROUP INC · Filed Jun 6, 2007
Insider Transaction Report
Form 4/AAmended
Grand-Jean Steven D
Director
Transactions
- Conversion
Common Stock, par value $0.01
2006-07-03+84,115→ 108,312 total(indirect: See Note) - Conversion
Right to receive common stock
2006-07-03−84,115→ 0 total(indirect: See Note)Exercise: $3.52→ Common Stock (84,115 underlying)
Footnotes (2)
- [F1]This Form 4 is being amended to reflect that the form of ownership on Tables I & II is indirect.
- [F2]Grand-Jean Capital Management holds a 2.5% membership interest in MDJC LLC ("MDJC"), which in turns owns a 50% membership interest in TPG-MD Investment, LLC ("TPG-MD"). Pursuant to a credit agreement with the issuer., TPG-MD acquired debt of the issuer (the "5.0% Notes Payable"), which Millard S. Drexler, the owner of a 97.5% membership interest in MDJC, acting through MDJC and TPG-MD, converted into shares of common stock of the issuer at a conversion price of $3.52 per share. Mr. Grand-Jean owns 100% of Grand-Jean Capital Management. Pursuant to this conversion, which took place on July 3, 2006, Mr. Grand-Jean acquired indirect beneficial ownership of 84,115 shares of common stock of the issuer.