4//SEC Filing
Engebretson Mark 4
Accession 0001209191-18-033531
CIK 0001579157other
Filed
May 24, 8:00 PM ET
Accepted
May 25, 4:29 PM ET
Size
9.3 KB
Accession
0001209191-18-033531
Insider Transaction Report
Form 4
Engebretson Mark
See Remarks
Transactions
- Disposition to Issuer
Employee Stock Option (Right to buy)
2018-05-24−6,000→ 0 totalExercise: $68.60Exp: 2026-09-01→ Common Stock (6,000 underlying) - Award
Restricted Stock Units
2018-05-25+10,714→ 22,344 total
Footnotes (4)
- [F1]These shares represent restricted stock units that were granted to the Reporting Person under the Amended and Restated 2013 Omnibus Incentive Plan (the "Plan") of Vince Holding Corp. (the "Company") on May 25, 2018 in exchange for the stock options which were cancelled pursuant to the Company's option exchange program on May 24, 2018. These restricted stock units convert into shares of common stock of the Company on a one-for-one basis and are solely settled in common stock upon vesting. These restricted stock units vest in the following manner: 10% on April 19, 2019; 20% on April 17, 2020; 25% on April 16, 2021; and 45% on April 15th, 2022, in each case subject to the Reporting Person's continued employment with the Company through each such vesting date.
- [F2]At the close of business on October 23, 2017, the Company effected a 1-for-10 reverse stock split (the "Reverse Stock Split"). The Company's common stock began trading on a split-adjusted basis when the market opened on October 24, 2017. Pursuant to the Reverse Stock Split, every 10 shares of the Company's issued and outstanding common stock were automatically converted into one share of common stock. All references to our common stock provided in this report have been adjusted to reflect the effect of the Reverse Stock Split.
- [F3]These stock options were granted on September 1, 2016 to the Reporting Person under the Plan. Prior to cancellation, the stock options were scheduled to vest over the course of four years, with 25% of the stock options granted to the Reporting Person vesting on each of the first, second, third and fourth anniversaries of the grant date, in each case subject to the Reporting Person's continued employment with the Company through each such vesting date.
- [F4]On May 24, 2018, the Company cancelled, pursuant to the terms of its option exchange program, eligible stock options of the Reporting Person. In exchange, on May 25, 2018, the Reporting Person was granted replacement restricted stock units based on the exchange ratio of 1-to-1.7857.
Documents
Issuer
VINCE HOLDING CORP.
CIK 0001579157
Entity typeother
Related Parties
1- filerCIK 0001682199
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 4:29 PM ET
- Size
- 9.3 KB