JO-ANN STORES INC|4Mar 22, 3:29 PM ET

Haverkost Ken 4

4 · JO-ANN STORES INC · Filed Mar 22, 2011

Form 4

Period: 2011-03-18

Executive Vice President

Transactions

Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18−3,094→ 0 total
Exercise: $43.58From: 2011-03-18Exp: 2011-03-18→ Common Stock (3,094 underlying)
Disposition to Issuer
Common Stock
2011-03-18$61.00/sh−52,576$3,207,136→ 0 total
Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18−4,921→ 0 total
Exercise: $40.33From: 2011-03-18Exp: 2011-03-18→ Common Stock (4,921 underlying)
Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18$48.32/sh−17,872$863,575→ 0 total
Exercise: $12.68From: 2011-03-18Exp: 2011-03-18→ Common Stock (17,872 underlying)
Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18$45.30/sh−22,886$1,036,736→ 0 total
Exercise: $15.70From: 2011-03-18Exp: 2011-03-18→ Common Stock (22,886 underlying)
Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18$47.48/sh−26,714$1,268,381→ 0 total
Exercise: $13.52From: 2011-03-18Exp: 2011-03-18→ Common Stock (26,714 underlying)

Footnotes (5)

[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]Pursuant to an individual agreement entered into in connection with the merger, these options were exchanged for options to purchase 72 shares of Needle Holdings Inc.'s common stock for $250 per share.
[F3]Pursuant to an individual agreement entered into in connection with the merger, these options were exchanged for options to purchase 136 shares of Needle Holdings Inc.'s common stock for $250 per share.
[F4]Disposed of pursuant to the Merger Agreement. Of these 17,872 options, 397 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. Of these 17,872 options, 17,475 were were exchanged for options to purchase 1,126 shares of Needle Holdings Inc.'s common stock for $250 per share.
[F5]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.

Documents

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