MICHAELS STORES INC 4
4 · MICHAELS STORES INC · Filed Jun 16, 2005
Insider Transaction Report
Form 4
SADLER EDWARD F
EVP - Store Operations
Transactions
- Exercise/Conversion
Common Stock
2005-06-14$10.49/sh+33,334$349,757→ 33,334 total - Exercise/Conversion
Stock Option (Right to Buy)
2005-06-14−33,334→ 0 totalExercise: $10.49Exp: 2006-07-30→ Common Stock (33,334 underlying) - Sale
Common Stock
2005-06-14$42.15/sh−33,334$1,404,898→ 0 total
Footnotes (1)
- [F1]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 100,000 shares of Michaels Stores, Inc. common stock (adjusted to give effect to a two-for-one stock split to stockholders of record as of the close of business on each of November 12, 2001 and September 27, 2004). 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, no options remain outstanding under this grant.