CROWN CRAFTS INC 4
4 · CROWN CRAFTS INC · Filed Feb 25, 2016
Insider Transaction Report
Form 4
CROWN CRAFTS INCCRWS
Cowart Kenneth C.
Director, Information Systems
Transactions
- Exercise/Conversion
Common Stock
2016-02-24$5.42/sh+5,000$27,100→ 7,673 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2016-02-24−5,000→ 0 totalExercise: $5.42Exp: 2022-06-13→ Common Stock (5,000 underlying) - Tax Payment
Common Stock
2016-02-24$8.48/sh−12,154$103,066→ 5,519 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2016-02-24−10,000→ 0 totalExercise: $6.14Exp: 2023-06-14→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2016-02-24$6.14/sh+10,000$61,400→ 17,673 total
Footnotes (4)
- [F1]This transaction represents the withholding of 12,154 shares of common stock to satisfy the exercise price and tax withholding obligations incurred by the Reporting Person upon the exercise of the options granted to the Reporting Person on each of June 13, 2012 and June 14, 2013.
- [F2]The options were granted on June 13, 2012 and vested as follows: (a) 5,000 shares on June 13, 2013, which were exercised on February 24, 2014; and (b) 5,000 shares on June 13, 2014.
- [F3]Derivative securities represent the grant of a stock option for services as an officer of the Issuer.
- [F4]The options were granted on June 14, 2013 and vested as follows: (a) 5,000 shares on June 14, 2014; and (b) 5,000 shares on June 14, 2015.