Keane Michael 4
4 · TWEEN BRANDS, INC. · Filed Nov 27, 2009
Insider Transaction Report
Form 4
Keane Michael
SVP, Human Resources
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2009-11-25−25,000→ 0 totalExercise: $27.59Exp: 2017-08-22→ Common Stock, $.01 par value (25,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2009-11-25−20,000→ 0 totalExercise: $8.32Exp: 2018-08-14→ Common Stock, $.01 par value (20,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2009-11-25−8,215→ 0 totalExercise: $29.39Exp: 2018-02-21→ Common Stock, $.01 par value (8,215 underlying) - Disposition to Issuer
Common Stock, $.01 par value
2009-11-25−10,402→ 0 total
Footnotes (3)
- [F1]Disposed of 10,402 shares of Issuer's common stock and rights to receive 3,342 shares of Issuer's common stock pursuant to performance based restricted stock grants that were not previously reported. All such shares are being issued pursuant to a merger agreement among the Issuer, Dress Barn, Inc. ("Dress Barn") and Thailand Acquisition Corp. (the "Merger Agreement") in exchange for 6,460 shares of Dress Barn common stock having a market value of $22.24 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in four equal annual installments beginning on the first anniversary of the date of grant, was canceled pursuant to the terms of the Merger Agreement.
- [F3]This option, which provided for vesting in four equal annual installments beginning on the first anniversary of the date of grant, was canceled pursuant to the terms of the Merger Agreement in exchange for a cash payment of $20,400, calculated by multiplying $0.47 by the volume weighted average price per Dress Barn common share for the 20 days ending on and including the third trading day immediately prior to the effective time of the merger ($19.869), less the per share exercise price of the option multiplied by the number of unexercised options.