4/A//SEC Filing
Hughes Gerald T 4/A
Accession 0001181431-12-025769
CIK 0001055454other
Filed
Apr 25, 8:00 PM ET
Accepted
Apr 26, 3:58 PM ET
Size
10.2 KB
Accession
0001181431-12-025769
Insider Transaction Report
Form 4/AAmended
Hughes Gerald T
Chief Administrative Officer
Transactions
- Award
Common Stock
2012-04-02+20,000→ 20,000 total - Award
Non-qualified stock option (right to buy)
2012-04-02$3.53/sh+100,000$353,000→ 100,000 totalExercise: $3.53Exp: 2022-04-02→ Common Stock (100,000 underlying) - Award
Non-qualified stock option (right to buy)
2012-04-02$3.53/sh+40,000$141,200→ 40,000 totalExercise: $3.53Exp: 2022-04-02→ Common Stock (40,000 underlying)
Footnotes (4)
- [F1]Grant of restricted stock under the School Specialty, Inc. 2002 Equity Incentive Plan (the "2002 Plan"). One-third of the shares will vest on each of the first three anniversaries of the grant date.
- [F2]Option granted as an inducement to Reporting Person's acceptance of the Company's offer of employment. One-fourth of the underlying shares will become exercisable on each of the first, second, third and fourth anniversaries of the grant date.
- [F3]Option granted as an inducement to Reporting Person's acceptance of the Company's offer of employment. Following purchase of a number of shares of the Company's common stock with an aggregate purchase price of at least $150,000, the option will vest with respect to one-fourth of the shares subject to the option on the date the average of the average daily high and low sales prices of a share of the Company's common stock during any 30 consecutive trading day period equals or exceeds $5.00 per share, and another one-fourth of which will vest on each of the dates the average trading price equals or exceeds $10.00 per share, $15.00 per share and $20.00 per share, subject to their continued employment. Furthermore, these option smay not be exercised before the first anniversary of the date of grant and may not be exercised with resepect to more than one-third of the shares subject to the option on each of the first three anniversaries of the date of grant.
- [F4]The original Form 4 erroneously indicated an Amount or Number of Shares of 24,000 shares. This Amendment is to correct the Amount or Number of Shares to 40,000 shares.
Documents
Issuer
SCHOOL SPECIALTY INC
CIK 0001055454
Entity typeother
Related Parties
1- filerCIK 0001546506
Filing Metadata
- Form type
- 4/A
- Filed
- Apr 25, 8:00 PM ET
- Accepted
- Apr 26, 3:58 PM ET
- Size
- 10.2 KB