Smith Travis 4
4 · JO-ANN STORES INC · Filed Mar 22, 2011
Insider Transaction Report
Form 4
Smith Travis
Chief Operating Officer
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18$47.48/sh−26,714$1,268,381→ 0 totalExercise: $13.52From: 2011-03-18Exp: 2011-03-18→ Common Stock (26,714 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18−5,315→ 0 totalExercise: $43.58From: 2011-03-18Exp: 2011-03-18→ Common Stock (5,315 underlying) - Disposition to Issuer
Common Stock
2011-03-18$61.00/sh−48,378$2,951,058→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18−5,906→ 0 totalExercise: $40.33From: 2011-03-18Exp: 2011-03-18→ Common Stock (5,906 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18−21,447→ 0 totalExercise: $12.68From: 2011-03-18Exp: 2011-03-18→ Common Stock (21,447 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18$36.00/sh−7,119$256,284→ 0 totalExercise: $25.00From: 2011-03-18Exp: 2011-03-18→ Common Stock (7,119 underlying)
Footnotes (6)
- [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 123 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 163 shares of Needle Holdings Inc.'s common stock for $250 per share.
- [F4]Pursuant to an individual agreement entered into in connection with the merger, these options were exchanged for options to purchase 1,382 shares of Needle Holdings Inc.'s common stock for $250 per share.
- [F5]Disposed of pursuant to the Merger Agreement. Of these 26,714 options, 21,469 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 26,714 options, 5,245 were were exchanged for options to purchase 332 shares of Needle Holdings Inc.'s common stock for $250 per share.
- [F6]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.