Grow Justin Marshall 4
4 · DELTA APPAREL, INC · Filed Nov 22, 2019
Insider Transaction Report
Form 4
Grow Justin Marshall
General Counsel
Transactions
- Exercise/Conversion
Common Stock, $0.01 Par Value
2019-11-21+6,000→ 19,186 total - Disposition to Issuer
Common Stock, $0.01 Par Value
2019-11-21$26.50/sh−2,070$54,855→ 18,256 total - Disposition to Issuer
Common Stock, $0.01 Par Value
2019-11-21$26.50/sh−3,000$79,500→ 16,186 total - Award
Common Stock, $0.01 Par Value
2019-11-21+4,140→ 20,326 total - Tax Payment
Common Stock, $0.01 Par Value
2019-11-21$26.50/sh−2,351$62,302→ 15,905 total - Exercise/Conversion
Restricted Stock Units
2019-11-21−6,000→ 0 total→ Common Stock, $0.01 Par Value (6,000 underlying)
Footnotes (7)
- [F1]These shares were acquired in connection with the vesting of service-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- [F2]Each restricted stock unit represents the right to receive one share of common stock of Delta Apparel, Inc. or the cash equivalent.
- [F3]These shares were disposed of in connection with the conversion of half of the 6,000 vested restricted units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- [F4]These shares were acquired in connection with the vesting of performance-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- [F5]These shares were disposed of in connection with the conversion of half of the 4,140 vested restricted units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- [F6]These shares were withheld by Delta Apparel, Inc. for the payment of a tax liability incident to the vesting of both performance-based and service-based restricted stock units.
- [F7]The restricted stock units vested upon the November 21, 2019, filing of the Company's Annual Report on Form 10-K for its fiscal year ended September 28, 2019.