Elish Herbert 4
4 · HAMPSHIRE GROUP LTD · Filed Apr 2, 2012
Insider Transaction Report
Form 4
Elish Herbert
Director
Transactions
- Other
Common Stock
2012-03-30−18,000→ 10,850 total - Other
Stock option (right to buy)
2012-03-30+11,500→ 11,500 totalExercise: $2.05→ Common Stock (11,500 underlying)
Footnotes (3)
- [F1]18,000 shares of unvested restricted stock of Hampshire Group, Limited (the "Company") were cancelled and extinguished. In connection therewith, options to purchase 11,500 shares of common stock were granted to Mr. Elish pursuant to an agreement between Mr. Elish and the Company.
- [F2]Twenty-five percent (25%) of the stock options will vest and become exercisable on December 31st of each of 2012, 2013, 2014, and 2015.
- [F3]The stock options expire on March 30, 2022.