MICHAELS STORES INC 4
4 · MICHAELS STORES INC · Filed Apr 14, 2004
Insider Transaction Report
Form 4
SADLER EDWARD F
EVP - Store Operations
Transactions
- Exercise/Conversion
Common Stock
2004-04-12$16.78/sh+50,000$839,065→ 50,000 total - Sale
Common Stock
2004-04-12$49.00/sh−50,000$2,450,000→ 0 total - Exercise/Conversion
Stock Option (Right to Buy)
2004-04-12−50,000→ 0 totalExercise: $16.78Exp: 2004-10-28→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]Exercise of stock options pursuant to original grant to the reporting person on October 29, 1999 of options under the Michaels Stores, Inc. Amended and Restated 1997 Stock Option Plan to purchase 100,000 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 October 29, 2000. After giving effect to the transaction that is the subject of this report, no options remain outstanding under this grant.