MICHAELS STORES INC 4
4 · MICHAELS STORES INC · Filed Apr 20, 2004
Insider Transaction Report
Form 4
SADLER EDWARD F
EVP - Store Operations
Transactions
- Sale
Common Stock
2004-04-16$49.50/sh−14,400$712,800→ 0 total - Exercise/Conversion
Stock Option (Right to Buy)
2004-04-16−14,400→ 23,100 totalExercise: $20.88Exp: 2005-07-27→ Common Stock (14,400 underlying) - Exercise/Conversion
Common Stock
2004-04-16$20.88/sh+14,400$300,600→ 14,400 total
Footnotes (1)
- [F1]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 37,500 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, 23,100 options remain outstanding under this grant, all of which are currently vested.