DELTA APPAREL, INC 4
4 · DELTA APPAREL, INC · Filed Aug 6, 2015
Insider Transaction Report
Form 4
WATSON MARTHA M
V.P. - Human Resources
Transactions
- Exercise/Conversion
Common Stock
2015-08-05+15,000→ 103,554 total - Disposition to Issuer
Common Stock
2015-08-05$14.15/sh−7,500$106,125→ 96,054 total - Tax Payment
Common Stock
2015-08-05$14.15/sh−2,577$36,465→ 93,477 total - Exercise/Conversion
Restricted Stock Units
2015-08-05−15,000→ 0 total→ Common Stock (15,000 underlying)
Footnotes (5)
- [F1]These shares were acquired in connection with the vesting of service-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- [F2]Each restricted stock unit represents the right to receive one share of common stock of Delta Apparel, Inc. or the cash equivalent.
- [F3]These shares were disposed of in connection with the conversion of half of the 15,000 vested restricted stock units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- [F4]The shares disposed of were withheld by Delta Apparel, Inc. for payment of tax liability incidental to the vesting of service-based restricted stock units.
- [F5]The restricted stock units vested upon the August 5, 2015, filing of the Company's SEC Form 10-Q for its fiscal quarter ended June 27, 2015.