SAKS INC 4
4 · SAKS INC · Filed Oct 9, 2013
Insider Transaction Report
Form 4
SAKS INCSKS
MCANIFF NORA P
Director
Transactions
- Discretionary Transaction
Phantom Stock
2013-10-07$15.98/sh−19,090.235$305,062→ 0 totalFrom: 2013-10-07Exp: 2013-10-07→ Common Stock (19,090.235 underlying)
Footnotes (1)
- [F1]Each share of phantom stock represented the right to receive the cash equivalent of one share of SKS common stock or, at the reporting person's election, one share of SKS common stock. Pursuant to the termination of the Deferred Compensation Plan on September 14, 2012 and the requirement of section 409A of the Internal Revenue Code as to the timing of the payout of the final account balances, the phantom stock settled for cash on October 7, 2013.