ROSSKAMM ALAN 4
4 · JO-ANN STORES INC · Filed Mar 22, 2011
Insider Transaction Report
Form 4
ROSSKAMM ALAN
Director
Transactions
- Disposition to Issuer
Common Stock
2011-03-18$61.00/sh−176,855$10,788,155→ 0 total - Disposition to Issuer
Common Stock
2011-03-18$61.00/sh−74,125$4,521,625→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2011-03-18$61.00/sh−10,366$632,326→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2011-03-18$61.00/sh−277,911$16,952,571→ 0 total(indirect: By Partnership) - 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)
Footnotes (4)
- [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]The reporting person disclaims beneficial ownership of 10,366 shares of Common Stock held by his spouse.
- [F3]The reporting person disclaims beneficial ownership of those shares held by partnerships in excess of his proportionate interest in the shares held by those partnerships.
- [F4]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.