Joyce Michael 4
4 · A.C. Moore Arts & Crafts, Inc. · Filed Nov 21, 2011
Insider Transaction Report
Form 4
Joyce Michael
Director
Transactions
- Disposition to Issuer
Director Stock Option (Right to Buy)
2011-11-18−10,000→ 0 totalExercise: $21.95Exp: 2014-08-26→ Common Stock (10,000 underlying) - Disposition from Tender
Common stock, no par value
2011-11-17$1.60/sh−84,824$135,718→ 0 total
Footnotes (5)
- [F1]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.
- [F2]This option vested in three equal annual installments beginning August 26, 2005.
- [F3]This option was cancelled in connection with the merger of Sbar's with and into A.C. Moore on November 18, 2011.
- [F4]This option vested in three equal annual installments beginning August 25, 2006.
- [F5]This option vested on August 3, 2007.