4//SEC Filing
JO-ANN STORES INC 4
Accession 0001209191-11-019104
CIK 0000034151operating
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 10:28 AM ET
Size
16.7 KB
Accession
0001209191-11-019104
Insider Transaction Report
Form 4
MORRISON PATRICIA
Director
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18$31.62/sh−8,600$271,932→ 0 totalExercise: $29.38From: 2011-03-18Exp: 2011-03-18→ Common Stock (8,600 underlying) - Disposition to Issuer
Restricted Stock Units
2011-03-18$61.00/sh−2,769$168,909→ 0 totalExercise: $0.00From: 2011-03-18Exp: 2011-03-18→ Common Stock (2,769 underlying) - Disposition to Issuer
Common Stock
2011-03-18$61.00/sh−26,209$1,598,749→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18$33.58/sh−8,600$288,788→ 0 totalExercise: $27.42From: 2011-03-18Exp: 2011-03-18→ Common Stock (8,600 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger agreement, dated as of December 23, 2010, by and among the Company, Needle Holdings Inc. and Needle Merger Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, effective as of March 18, 2011, the Company's common shares were automatically cancelled and converted into the right to receive $61.00 in cash.
- [F2]Accelerated conversion of restricted stock units into common stock on a one-to-one basis pursuant to the merger agreement, dated as of December 23, 2010, by and among the Company, Needle Holdings Inc. and Needle Merger Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, effective as of March 18, 2011, the Company's common shares were automatically cancelled and converted into the right to receive $61.00 in cash.
- [F3]Disposed of pursuant to the Merger Agreement. Options, whether vested or unvested, were cancelled and converted into the right to receive per share the excess of $61.00 over the per share exercise price, less any required withholding taxes.
Issuer
JO-ANN STORES INC
CIK 0000034151
Entity typeoperating
IncorporatedOH
Related Parties
1- filerCIK 0000034151
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 10:28 AM ET
- Size
- 16.7 KB