WEISS JEFFREY M 4
4 · AMERICAN GREETINGS CORP · Filed Apr 30, 2013
Insider Transaction Report
Form 4
WEISS JEFFREY M
DirectorPresident and C.O.O.10% Owner
Transactions
- Award
Class B Common Shares
2013-04-26+38,946→ 138,622 total
Holdings
- 445,454(indirect: By LLC)
Class B Common Shares
Footnotes (2)
- [F1]Represents performance shares granted to the reporting person on May 25, 2012, and credited to the account of the reporting person. The reporting person's right to receive the common shares represented by these performance shares is subject to vesting where the performance shares will vest, and the underlying shares will be issued, on February 28, 2015, based on the continued employment of the reporting person. Under the terms of the agreement and plan of merger (the "Merger Agreement"), dated March 29, 2013, by and among American Greetings Corporation, Century Intermediate Holding Company ("Parent"), and Century Merger Company, a wholly-owned subsidiary of Parent, if the merger contemplated thereby is completed, the performance shares will be cancelled, without the payment of any consideration.
- [F2]On August 11, 2006, the Reporting Person acquired membership interests in the Irving I. Stone Limited Liability Company (the "LLC") representing 24.5% of the equity in the LLC. As a result of such acquisition, the Reporting Person may be deemed to have an indirect beneficial ownership interest in 445,454 of the 1,818,182 Class B common shares owned by the LLC.