Hughes Sharon 4
4 · WET SEAL INC · Filed Aug 24, 2010
Insider Transaction Report
Form 4
WET SEAL INCWTSLA
Hughes Sharon
President & CMO of AB Division
Transactions
- Award
Non-Qualified Stock Option
2010-08-19$2.99/sh+9,000$26,910→ 94,000 totalExercise: $2.99Exp: 2015-08-19→ Common Stock Class A (9,000 underlying) - Award
Common Stock Class A
2010-08-19$2.99/sh+7,200$21,528→ 61,200 total
Footnotes (3)
- [F1]On August 19, 2010 restricted stock was granted pursuant to The Wet Seal, Inc. Stock Incentive Plan. The restricted stock will become vested with respect to 33 1/3% of the shares on each of the next three (3) anniversaries of the Date of Grant until the restricted stock is 100% vested, subject to Executive's Continuous Service with the Company on each of those vested dates.
- [F2]On August 19, 2010 stock options were granted pursuant to The Wet Seal, Inc. Stock Incentive Plan. The options will become vested and exercisable with respect to 33 1/3% of the shares on each of the next three (3) anniversaries of the Date of Grant until the options are 100% vested, subject to Executive's Continuous Service with the Company on each of those vested dates.
- [F3]The stock options become exercisable in three (3) equal annual installments on the first, second and third anniversaries of the grant date thereof.