4//SEC Filing
Rhoades Amy 4
Accession 0001209191-11-057322
CIK 0001042809other
Filed
Nov 20, 7:00 PM ET
Accepted
Nov 21, 1:38 PM ET
Size
22.0 KB
Accession
0001209191-11-057322
Insider Transaction Report
Form 4
Rhoades Amy
VP & General Counsel
Transactions
- Disposition to Issuer
Stock Appreciation Right
2011-11-18−10,645→ 0 totalExercise: $6.82→ Common Stock (10,645 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2011-11-18−6,300→ 0 totalExercise: $20.37Exp: 2014-02-20→ Common Stock (6,300 underlying) - Disposition to Issuer
Stock Appreciation Right
2011-11-18−46,024→ 0 totalExercise: $2.78→ Common Stock (46,024 underlying) - Tax Payment
Common Stock, no par value
2011-11-17$1.60/sh−17,247$27,595→ 49,156 total - Disposition from Tender
Common Stock, no par value
2011-11-17$1.60/sh−49,156$78,650→ 0 total - Disposition to Issuer
Stock Appreciation Right
2011-11-18−50,000→ 0 totalExercise: $2.07→ Common Stock (50,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2011-11-18−12,500→ 0 totalExercise: $16.38Exp: 2016-07-24→ Common Stock (12,500 underlying) - Disposition to Issuer
Stock Appreciation Right
2011-11-18$0.12/sh−8,798$1,056→ 0 totalExercise: $1.48→ Common Stock (8,798 underlying)
Footnotes (8)
- [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]This option vested in three equal annual installments beginning on July 24, 2007.
- [F4]This option was cancelled in connection with the merger of Sbar's with and into A.C. Moore on November 18, 2011.
- [F5]One-third of this option vested on each of February 20, 2008, February 20, 2009 and February 20, 2010.
- [F6]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.
- [F7]This stock appreciation right was cancelled in connection with the merger of Sbar's with and into A.C. Moore on November 18, 2011.
- [F8]This stock appreciation right was cancelled in connection with the merger of Sbar's with and into A.C. Moore on November 18, 2011 in exchange for a cash payment representing the difference between the exercise price of the stock appreciation right and the $1.60 per share merger consideration.
Documents
Issuer
A.C. Moore Arts & Crafts, Inc.
CIK 0001042809
Entity typeother
Related Parties
1- filerCIK 0001369759
Filing Metadata
- Form type
- 4
- Filed
- Nov 20, 7:00 PM ET
- Accepted
- Nov 21, 1:38 PM ET
- Size
- 22.0 KB