4//SEC Filing
BIANCO MICHAEL 4
Accession 0001209191-04-001653
CIK 0001009829other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 5:07 PM ET
Size
8.9 KB
Accession
0001209191-04-001653
Insider Transaction Report
Form 4
BIANCO MICHAEL
DirectorExec VP & Chief Merch. Off.
Transactions
- Award
COMMON STOCK
2004-01-01$13.15/sh+96,000$1,262,400→ 232,050 total
Holdings
- 32,223
OPTIONS
Exercise: $7.88Exp: 2006-06-22→ COMMON STOCK - 150,000
OPTIONS
Exercise: $16.25Exp: 2007-07-11→ COMMON STOCK - 31,750
OPTIONS
Exercise: $7.88Exp: 2006-03-06→ COMMON STOCK - 8,306
OPTIONS
Exercise: $7.88Exp: 2005-09-30→ COMMON STOCK
Footnotes (7)
- [F1]Such 96,000 shares were issued pursuant to the terms of the Holder's 1/1/03 Employment Agreement with the Issuer and are further subject to the terms of that certain January 1, 2004 Restricted Stock Award Agreement (the "Agreement") by and between the Holder and the Issuer. The Agreement provides that the Holder will forfeit his rights to all 96,000 shares unless certain conditions precedent are met prior to January 1, 2005, including the condition that the Issuer's Pre-Tax Income (as defined in the Agreement) for 2004 exceeds $2,000,000, whereupon the forfeited shares will become authorized but unissued shares of the Issuer's common stock.
- [F2]The Agreement prohibits the Holder from selling, assigning, transferring, pledging or otherwise encumbering (a) 48,000 of the 96,000 shares prior to January 1, 2005 and (b) the remaining 48,000 shares prior to January 1, 2006; provided, however, that if the Issuer's Pre-Tax Income for 2004 exceeds $2,000,000 and the Issuer's Adjusted EPS Growth (as defined in the Agreement) for 2004 increases by certain percentages as set forth in the Agreement, the vesting of some or all of the 48,000 shares that would otherwise vest on January 1, 2006 will be accelerated to the date the Adjusted EPS Growth is determined.
- [F3]Represents the closing price of the Issuer's common stock on 12/31/03, as reported by Nasdaq.
- [F4]This option is immediately exercisable, except as follows: 22,500 shares become exercisable on 7/12/04, 37,500 shares become exercisable on 7/12/05 and 45,000 shares become exercisable on 7/12/06.
- [F5]This option is immediately exercisable, except as follows: 9,478 shares become exercisable on 6/23/04 and 11,371 shares become exercisable on 6/23/05.
- [F6]This option is immediately exercisable, except as follows: 9,338 shares become exercisable on 3/7/04 and 11,206 shares become exercisable on 3/7/05.
- [F7]This option is immediately exercisable, except as follows: 2,931 shares become exercisable on 10/1/04.
Documents
Issuer
JAKKS PACIFIC INC
CIK 0001009829
Entity typeother
Related Parties
1- filerCIK 0001275341
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 5:07 PM ET
- Size
- 8.9 KB