Haverkost Ken 4
4 · JO-ANN STORES INC · Filed Mar 11, 2011
Insider Transaction Report
Form 4
Haverkost Ken
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2011-03-09+5,055→ 58,305 total - Exercise/Conversion
Restricted Stock Units
2011-03-09−5,055→ 0 totalExercise: $0.00From: 2011-03-15Exp: 2014-03-15→ Common Stock (5,055 underlying)
Footnotes (1)
- [F1]Represents shares converted, on a one-for-one basis, from restricted stock units to common shares upon achievement of certain performance-based criteria. The original grant dated 3/15/2010 was up to 5,055 restricted stock units, which convert to common stock on a one-for-one basis upon vesting, subject to performance criteria and, if achieved, vest 25% annually over four years, beginning one year after the original grant date.