TANDY BRANDS ACCESSORIES INC 4
4 · TANDY BRANDS ACCESSORIES INC · Filed Jan 3, 2008
Insider Transaction Report
Form 4
GAERTNER JAMES F PH D
Director
Transactions
- Disposition to Issuer
Phantom Stock Units
2008-01-02$9.75/sh−2,017$19,666→ 2,143 totalFrom: 2008-01-02Exp: 2008-01-02→ Common Stock, $1.00 par value per share (2,017 underlying) - Award
Phantom Stock Units
2007-12-31$9.75/sh+15$146→ 4,160 totalFrom: 2008-01-02Exp: 2008-01-02→ Common Stock, $1.00 par value per share (17 underlying)
Footnotes (3)
- [F1]The phantom stock units convert to shares of common stock on a one-for-one basis.
- [F2]The phantom stock units accrued under the Tandy Brands Accessories, Inc. 1995 Stock Deferral Plan for Non-Employee Directors because of a cash dividend payable to all stockholders of record at the close of business on December 31, 2007. Pursuant to the Tandy Brands Accessories, Inc. 1995 Stock Deferral Plan for Non-Employee Directors, phantom stock units are credited, based on the amount of the cash dividend and the closing price of the Issuer's common stock on the record date, to the reporting person's bookkeeping reserve account, which account is maintained by the Issuer.
- [F3]Pursuant to the reporting person's June 3, 1998 election, 2,017 of the aggregate phantom stock units were settled by cash distribution on January 2, 2008.