4//SEC Filing
SAKS INC 4
Accession 0001327345-13-000004
CIK 0000812900operating
Filed
Nov 4, 7:00 PM ET
Accepted
Nov 5, 4:30 PM ET
Size
10.4 KB
Accession
0001327345-13-000004
Insider Transaction Report
Form 4
SAKS INCSKS
Wills Kevin
EVP & CFO
Transactions
- Disposition to Issuer
Employee Stock Option Right to Buy
2013-11-04−28,758→ 0 totalExercise: $13.04Exp: 2015-03-06→ Common Stock (28,758 underlying) - Disposition to Issuer
Common Stock
2013-11-04−388,329→ 0 total - Disposition to Issuer
Employee Stock Option Right to Buy
2013-11-04−13,125→ 0 totalExercise: $20.31Exp: 2014-05-04→ Common Stock (13,125 underlying)
Footnotes (5)
- [F1]Includes performance shares granted on February 27, 2013 with performance period scheduled to end on January 31, 2015.
- [F2]Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 28, 2013, by and among Hudson's Bay Company, Harry Acquisition Inc. and Saks Incorporated (the "Company"), each share of the Company's common stock and each restricted share converted at the effective time of the merger into the right to receive $16.00 in cash and each performance share award converted at the effective time into the right to receive cash in an amount equal to the product of the number of shares of the Company's common stock subject to such performance share award (determined based on actual performance for awards for which the performance period was complete and based on target performance for awards for which the performance period was not complete) multiplied by $16.
- [F3]Stock option award vested in 4 equal installments on May 4, 2008, 2009, 2010 and 2011.
- [F4]Stock option award that vested in 4 equal installments on March 6, 2009, 2010, 2011 and 2012
- [F5]Pursuant to the terms of the Merger Agreement, each option to purchase the Company's common stock converted as of the effective time of the merger into the right to receive the product of the excess, if any, of $16.00 in cash over the exercise price per share of such option multiplied by the number of shares of the Company's common stock subject to such option.
Documents
Issuer
SAKS INC
CIK 0000812900
Entity typeoperating
IncorporatedTN
Related Parties
1- filerCIK 0000812900
Filing Metadata
- Form type
- 4
- Filed
- Nov 4, 7:00 PM ET
- Accepted
- Nov 5, 4:30 PM ET
- Size
- 10.4 KB