4//SEC Filing
MCANIFF NORA P 4
Accession 0001186890-12-000003
CIK 0000812900other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 6:46 PM ET
Size
10.0 KB
Accession
0001186890-12-000003
Insider Transaction Report
Form 4
SAKS INCSKS
MCANIFF NORA P
Director
Transactions
- Award
Phantom Stock
2012-05-31$9.86/sh+9,128$90,002→ 9,128 total→ Common Stock (9,128 underlying) - Award
Phantom Stock
2012-06-02+7,137→ 7,137 total→ Common Stock (7,137 underlying) - Disposition to Issuer
Common Stock
2012-06-02−7,137→ 43,172 total
Footnotes (3)
- [F1]Each share of phantom stock represents the right to receive one share of SKS common stock or, at the reporting person's election, the cash value thereof.
- [F2]The reporting person received an award of 7,137 shares of restricted stock on June 2, 2011 as part of the reporting person's compensation for serving as a director for the 2011-2012 term. That award was reported on a Form 4 filed on June 3, 2011. The reporting person elected to defer receipt of the award upon vesting, which occurred on June 2, 2012, and therefore the award was converted into an equal number of shares of phantom stock, which are reported in Table II of this Form 4. The number of shares of common stock reported in Column 5 of Table I of this Form 4 has been reduced to reflect the conversion. The award will be paid in 1 installment in February of the year following the year in which the reporting person retires.
- [F3]The phantom stock represents the award to the reporting person of $90,000 of restricted stock as part of Saks's annual compensation of non-employee directors. The reporting person elected to defer receipt of the award, which will instead become payable to the reporting person, upon vesting, in 1 installment in February of the year following the year in which the reporting person retires.
Documents
Issuer
SAKS INC
CIK 0000812900
Entity typeother
Related Parties
1- filerCIK 0001186890
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 6:46 PM ET
- Size
- 10.0 KB