Bennet Richard Wilson III 4
4 · CHARMING SHOPPES INC · Filed Jun 2, 2010
Insider Transaction Report
Form 4
Bennet Richard Wilson III
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2010-06-01−37,604→ 0 totalExercise: $0.00From: 2010-06-01Exp: 2010-06-01→ Common Stock (37,604 underlying) - Disposition to Issuer
Common Stock
2010-06-01$4.30/sh−37,604$161,697→ 18,000 total - Exercise/Conversion
Common Stock
2010-06-01+37,604→ 55,604 total
Footnotes (1)
- [F1]Automatic settlement of Restricted Stock Units settleable in cash ("CRSUs") granted under the Company's 2003 Non-Employee Directors Compensation Plan, as amended, in a transaction exempt under Rule 16b-3(d) and (e) and Rule 16b-6(b). As required by SEC rules, the transaction is reported as the deemed acquisition of the number of shares underlying the CRSUs (no exercise price was payable) and the simultaneous deemed disposition of such underlying shares for a cash payment. The result of the transaction was a cash payment from the Company to the Reporting Person equal to the closing price per share of Common Stock on the transaction date for each CRSU being settled.