4//SEC Filing
MICHAELS STORES INC 4
Accession 0001209191-04-021489
CIK 0000740670operating
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 3:48 PM ET
Size
11.2 KB
Accession
0001209191-04-021489
Insider Transaction Report
Form 4
HIEMENZ DUANE E
SVP - New Business Development
Transactions
- Exercise/Conversion
Common Stock
2004-04-19$20.98/sh+2,000$41,970→ 8,830 total - Sale
Common Stock
2004-04-19$50.25/sh−2,000$100,500→ 6,830 total - Exercise/Conversion
Stock Option (Right to Buy)
2004-04-19−2,000→ 19,667 totalExercise: $20.98Exp: 2006-07-30→ Common Stock (2,000 underlying)
Holdings
- 1,659(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 March 31, 2004.
- [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 March 31, 2004 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 31, 2001 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 31, 2002. After giving effect to the transaction that is the subject of this report, 19,667 options remain outstanding under this grant, 8,000 of which are currently vested, and 11,667 of which will vest on July 31, 2004.
Documents
Issuer
MICHAELS STORES INC
CIK 0000740670
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000740670
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 3:48 PM ET
- Size
- 11.2 KB