4//SEC Filing
KID BRANDS, INC 4
Accession 0001181431-13-040950
CIK 0000739878operating
Filed
Jul 21, 8:00 PM ET
Accepted
Jul 22, 4:15 PM ET
Size
15.0 KB
Accession
0001181431-13-040950
Insider Transaction Report
Form 4
BENAROYA RAPHAEL
Director
Transactions
- Conversion
Stock Option (Right to Buy)
2013-07-18+600,000→ 1,075,000 totalExercise: $1.51Exp: 2023-03-15→ COMMON STOCK (600,000 underlying) - Conversion
STOCK APPRECIATION RIGHT
2013-07-18−600,000→ 29,250 totalExercise: $1.51Exp: 2023-03-15→ COMMON STOCK (600,000 underlying)
Footnotes (4)
- [F1]Represents Stock Appreciation Rights ("SARs") granted on 3/15/13 under the Issuer's Equity Incentive Plan (the "EIP"). 15,625 of such SARs vest on the last day of each month for a consecutive 24-month period (commencing 3/31/13), and 9,375 of such SARs vest on the last day of the month for the subsequent consecutive 24-month period. The SARs were previously settlable, upon exercise, solely for cash, however, upon the approval of the Company's shareholders (obtained at the Company's Annual Meeting of Shareholders on 7/18/13), all 600,000 SARs were converted (with no consideration) into non-qualified stock options (on a one-for one basis) under the EIP (with no change to the grant date, exercise price, vesting schedule, or other terms thereof). Upon such conversion, the SARs were canceled.
- [F2]Consists of: (i) 14,250 SARs granted on 7/19/11 pursuant to the EIP, at an exercise price of $5.17 per share, which vest ratably over a five-year period commencing 7/19/12 and expire on 7/19/21; and (ii) 15,000 SARs granted on 7/15/10 pursuant to the EIP at an exercise price of $8.17 per share, which vest ratably over a five-year period commencing 7/15/11 and expire on 7/15/20.
- [F3]Includes: (i) a grant on 3/15/13 of 200,000 non-qualified inducement stock options outside of the EIP at an exercise price of $1.51 per share, all of which vested on the date of grant and expire on 3/15/23; (ii) a grant on 3/15/13 of 200,000 incentive stock options under the EIP at an exercise price of $1.51 per share, twenty-five percent of which vested on the date of grant and an additional twenty-five percent of which will vest on each of the first, second and third anniversary of the date of grant; (iii) 15,000 stock options granted on 9/22/09 pursuant to the EIP at an exercise price of $6.63 per share, which vest ratably over a 5-year period commencing 9/22/10 and expire on 9/22/19; (iv) 15,000 stock options granted on 7/10/08 pursuant to the EIP at an exercise price of $7.28 per share, which vest ratably over a five-year period commencing 7/10/09 and expire 7/10/18; (Continued in footnote 4)
- [F4](v) 15,000 stock options granted on 12/27/07 pursuant to the issuer's 2004 Stock Option, Restricted and Non-Restricted Stock Plan (the "2004 Plan") at an exercise price of $16.77 per share, which vest ratably over a five-year period commencing 12/27/08 and expire 12/27/17; (vi) 15,000 stock options granted on 11/01/06 pursuant to the 2004 Plan at an exercise price of $15.05 per share, which vest ratably over a five-year period commencing 11/01/07 and expire 11/01/16; and (vii) 15,000 stock options granted on 5/4/05 pursuant to the 2004 Plan, at an exercise price of $13.06 per share, all of which were deemed vested as of 12/28/05.
Issuer
KID BRANDS, INC
CIK 0000739878
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0000739878
Filing Metadata
- Form type
- 4
- Filed
- Jul 21, 8:00 PM ET
- Accepted
- Jul 22, 4:15 PM ET
- Size
- 15.0 KB