GOODMAN JOHN D 4
4 · WET SEAL INC · Filed Apr 10, 2013
Insider Transaction Report
Form 4
WET SEAL INCWTSL
GOODMAN JOHN D
Chief Executive Officer
Transactions
- Award
Common Stock Class A
2013-04-08+261,533→ 887,581 total
Footnotes (1)
- [F1]Represents performance shares granted pursuant to The Wet Seal, Inc. 2005 Amended and Restated Stock Incentive Plan on April 8, 2013. Subject to the satisfaction of the specified performance condition, the performance shares will become vested in three equal installments. The first installment will vest on the date the achievement of the performance goal is certified, and the second and third installments will vest on the second and third anniversaries of Mr. Goodman's employment commencement date, provided he is continuously employed by the issuer through the applicable vesting date or as otherwise provided in Mr. Goodman's Change in Control and Severance Agreement. The number of performance shares that may become eligible for time-based vesting can be 0, 130,767 (50%) or 261,533 (100%), depending upon whether and the extent to which the performance goal is met, subject to interpolation if the performance goal is met between the 50% and 100% levels.