4//SEC Filing
RADA GARY W 4
Accession 0001209191-04-021026
CIK 0001024441other
Filed
Apr 15, 8:00 PM ET
Accepted
Apr 16, 7:49 PM ET
Size
10.3 KB
Accession
0001209191-04-021026
Insider Transaction Report
Form 4
RADA GARY W
DirectorChief Executive Officer
Transactions
- Award
Stock Option (right to acquire common stock)
2004-04-14+28,000→ 28,000 totalExercise: $11.90From: 2005-04-13Exp: 2014-04-13→ Common Stock (28,000 underlying) - Exercise/Conversion
Common Stock
2004-04-13+112→ 33,470 total - Exercise/Conversion
Rights Certificate
2004-04-13+112→ 0 totalExercise: $0.00From: 2004-04-13Exp: 2006-03-31→ Common Stock (112 underlying)
Footnotes (2)
- [F1]The Common Stock was acquired upon exercise of the rights certificate. The rights certificate is exercisable on an annual basis for a four year period commencing on December 31, 2002 to the extent Factory Card & Party Outlet Corp. (the "Company") has made issuances (collectively, the "Additional Shares") of (a) Common stock upon the exercise of certain warrants or the conversion of certain trade conversion notes or (b) options under the Company's 2000 Stock Option Plan. The right is exercisable on an annual basis for the number of shares of Common Stock of the Company derived by: (x) multiplying 2,000 by (y) a number equal to the (i) the number of Additional Shares issued in the applicable year, divided by (ii) 1,500,000 shares of Common Stock (subject to certain adjustments). The terms and conditions are set forth in greater detail in the rights certificate. The rights certificate was attached to a warrant granted to, and previously exercised by, the reporting person for 2,000 shares of Common Stock of the Company at an exercise price $7.52 per share. No additional consideration beyond such warrant exercise price is required as a result of any exercise of the stock acquisition right.
- [F2]Vests 33-1/3% on each anniversary of the grant.
Documents
Issuer
FACTORY CARD OUTLET CORP
CIK 0001024441
Entity typeother
Related Parties
1- filerCIK 0001208768
Filing Metadata
- Form type
- 4
- Filed
- Apr 15, 8:00 PM ET
- Accepted
- Apr 16, 7:49 PM ET
- Size
- 10.3 KB