4//SEC Filing
Abelman David 4
Accession 0001209191-11-057316
CIK 0001042809other
Filed
Nov 20, 7:00 PM ET
Accepted
Nov 21, 1:28 PM ET
Size
14.7 KB
Accession
0001209191-11-057316
Insider Transaction Report
Form 4
Abelman David
EVP,Chief Mktg & Merch Officer
Transactions
- Disposition to Issuer
Stock Appreciation Right
2011-11-18−75,000→ 0 totalExercise: $2.07→ Common Stock (75,000 underlying) - Disposition from Tender
Common Stock, no par value
2011-11-17$1.60/sh−119,092$190,547→ 0 total - Tax Payment
Common Stock, no par value
2011-11-17$1.60/sh−32,725$52,360→ 119,092 total - Disposition to Issuer
Stock Appreciation Right
2011-11-18−26,000→ 0 totalExercise: $3.37→ Common Stock (26,000 underlying) - Disposition to Issuer
Stock Appreciation Right
2011-11-18−82,777→ 0 totalExercise: $2.78→ Common Stock (82,777 underlying)
Footnotes (4)
- [F1]These shares of common stock were surrendered in connection with the change in control transaction described below upon vesting of portions of awards of restricted stock and performance accelerated restricted stock to satisfy the reporting person's payroll tax withholding obligations. Such surrender is treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934, as amended.
- [F2]On November 17, 2011, Sbar's Acquisition Corporation ("Sbar's"), an affiliate of Nicole Crafts LLC and Sbar's, Inc., accepted for purchase in a tender offer the reporting person's shares of common stock, no par value ("Shares"), of A.C. Moore Arts & Crafts, Inc. ("A.C. Moore") at a price per share of $1.60, net to the reporting person in cash, without interest thereon, subject to any required withholding of taxes. The transaction is more fully described in the Solicitation/Recommendation Statement on Schedule 14D-9 initially filed by A.C. Moore with the Securities and Exchange Commission on October 18, 2011, as subsequently amended. Sbar's purchased the Shares on November 18, 2011.
- [F3]Stock appreciation rights vest in three equal annual installments and expire seven years from the grant date, if not earlier terminated or exercised in full.
- [F4]This stock appreciation right was cancelled in connection with the merger of Sbar's with and into A.C. Moore on November 18, 2011.
Documents
Issuer
A.C. Moore Arts & Crafts, Inc.
CIK 0001042809
Entity typeother
Related Parties
1- filerCIK 0001463499
Filing Metadata
- Form type
- 4
- Filed
- Nov 20, 7:00 PM ET
- Accepted
- Nov 21, 1:28 PM ET
- Size
- 14.7 KB