KID BRANDS, INC 4
4 · KID BRANDS, INC · Filed Jul 12, 2013
Insider Transaction Report
Form 4
Zimmerman Michael
Director10% Owner
Transactions
- Award
STOCK APPRECIATION RIGHT
2013-07-10+15,000→ 58,500 totalExercise: $1.53Exp: 2023-07-10→ COMMON STOCK (15,000 underlying) - Award
Common Stock, $0.10 stated value
2013-07-10+5,000→ 15,000 total
Holdings
- 4,399,733(indirect: see footnote)
Common Stock, $0.10 stated value
- 61,640(indirect: see footnote)
Common Stock, $0.10 stated value
Footnotes (6)
- [F1]Represents restricted stock units ("RSUs") granted on July 10, 2013 pursuant to the Issuer's Equity Incentive Plan (the "EIP"), which vest ratably over a five-year period commencing July 10, 2014.
- [F2]Includes: (i) 5,000 unvested RSUs granted on August 14, 2012 pursuant to the EIP, which vest ratably over a 5-year period commencing August 14, 2013; and (ii) 4,000 unvested RSUs (out of an original grant of 5,000 RSUs on July 19, 2011 pursuant to the EIP, which vest ratably over a five-year period commencing July 19, 2012).
- [F3]Represents common stock of the Issuer purchased by PrenKid LLC, a limited liability company owned 50% by the reporting person and 50% by Mario Ciampi, another director of the Issuer.
- [F4]Prentice Capital Management, LP (the "Investment Manager") serves as investment manager to Prentice Consumer Partners, L.P. and certain managed accounts (the "Investment Entities"). The Investment Entities own 4,399,733 shares of the Issuer's common stock (the "Prentice Shares"). Mr. Zimmerman is responsible for the supervision and conduct of all investment activities of the Investment Manager, including, without limitation, for all investment decisions with respect to the assets of the Investment Entities. Neither the Investment Manager nor Mr. Zimmerman directly own the Prentice Shares. Each of the Investment Manager and Mr. Zimmerman disclaims any beneficial ownership of the Prentice Shares to the extent such beneficial ownership exceeds such person's pecuniary interest therein.
- [F5]Represents Stock Appreciation Rights ("SARs") granted on July 10, 2013 pursuant to the EIP, which vest ratably over a five-year period commencing July 10, 2014.
- [F6]Includes: (i) 14,250 SARs granted on August 14, 2012 pursuant to the EIP at an exercise price of $1.41 per share, which vest ratably over a five-year period commencing August 14, 2013 and expire on August 14, 2022; (ii) 14,250 SARs granted on July 19, 2011 pursuant to the EIP at an exercise price of $5.17 per share, which vest ratably over a five-year period commencing July 19, 2012, and expire on July 19, 2021; and (iii) 15,000 SARs granted on July 15, 2010 pursuant to the EIP at an exercise price of $8.17 per share, which vest ratably over a five-year period commencing July 15, 2011 and expire on July 15, 2020.