4//SEC Filing
MICHAELS STORES INC 4
Accession 0001209191-03-020975
CIK 0000740670operating
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 4:08 PM ET
Size
8.6 KB
Accession
0001209191-03-020975
Insider Transaction Report
Form 4
HIEMENZ DUANE E
SVP - New Business Development
Transactions
- Sale
Common Stock
2003-09-08$43.00/sh−15,000$645,000→ 6,830 total - Exercise/Conversion
Common Stock
2003-09-08$20.88/sh+15,000$313,125→ 21,830 total - Exercise/Conversion
Stock Option (Right to Buy)
2003-09-08−15,000→ 20,000 totalExercise: $20.88Exp: 2005-07-27→ Common Stock (15,000 underlying)
Holdings
- 1,585(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]The reported amount includes 3,830 shares of Michaels Stores, Inc. common stock acquired by the reporting person under the Michaels Stores, Inc. Amended and Restated 1997 Employees Stock Purchase Plan (also known as the ESPP), based on a plan statement issued by the ESPP's administrator as of July 31, 2003.
- [F2]The reported amount is held by a stock fund under the Michaels Stores, Inc. Employees 401(k) Plan (also known as the 401(k) Plan) assumed to be fully invested in Michaels Stores, Inc. common stock, based on a plan statement issued by the 401(k) Plan administrator as of July 31, 2003 as an estimate of the total number of shares that would be available to the reporting person if such holdings were liquidated on that date.
- [F3]Exercise of stock options pursuant to original grant to the reporting person on July 28, 2000 of options under the Michaels Stores, Inc. Amended and Restated 1997 Stock Option Plan to purchase 35,000 shares of Michaels Stores, Inc. common stock (adjusted to give effect to a two-for-one stock split effected in the form of a stock dividend to stockholders of record as of the close of business on November 12, 2001). The options associated with this grant vest in three annual installments beginning on July 28, 2001. After giving effect to the transaction that is the subject of this report, 20,000 options remain outstanding under this grant, all of which are currently vested.
Documents
Issuer
MICHAELS STORES INC
CIK 0000740670
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000740670
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 4:08 PM ET
- Size
- 8.6 KB