4//SEC Filing
MUTO GARY 4
Accession 0001498301-19-000032
CIK 0001498301other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 8:48 AM ET
Size
10.0 KB
Accession
0001498301-19-000032
Insider Transaction Report
Form 4
MUTO GARY
President & CEO-ascena brands
Transactions
- Award
Restricted Stock Units
2019-05-01+1,957,627→ 1,957,627 total→ Common (1,957,627 underlying) - Award
Options To Buy
2019-05-01+2,750,000→ 2,750,000 totalExercise: $1.17→ Common (2,750,000 underlying)
Holdings
- 224,926
Common
Footnotes (4)
- [F1]Granted under the Company's 2016 Ominibus Incentive Plan.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]Subject to the grantee's continued employment from the grant date through the applicable vesting date: 25% of each of the Restricted Stock Units (l"RSUs") and Non-Qualified Stock Options ("NQSOs") will be eligible to vest if the closing price of the Company's common stock equals or exceeds $3.00 per share for a 20-consecutive trading day period on or prior to the third anniversay of the grant date (the "$3 Hurdle"); an additional 25% of each of the RSUs and NQSOs will be eligible to vest if the closing price of the Company's common stock equals or exceeds $5 per share for a 20-consecutive trading day period on or prior to the third anniversary of the grant date (the "$5 Hurdle"); and the remaining 50% of each of the RSUs and NQSOs will be eligible to vest if the closing price of the Company's common stock equals or exceeds $7 per share for a 20-consecutive trading day period on or prior to the third annivesary of the grant date (the "$7 Hurdle" and together with the $3 Hurdle
- [F4]and $5 Hurdle, the "Hurdles"); provided, however, if a Hurdle is actually achieved prior to the second anniverary of the grant date, the portion of the RSUs and NQSOs related to the Hurdle that was actually achieved prior to the second anniverary of the grant date will vest on the second anniversary of the grant date, subject to the grantee's continued employment from the grant date through the second anniversary of the grant date. Any portion of the RSUs and NQSOs for which the applicable Hurdle is not actually achieved by the third anniversary of the grant date will be forfeited for no consideration.
Documents
Issuer
Ascena Retail Group, Inc.
CIK 0001498301
Entity typeother
Related Parties
1- filerCIK 0001187144
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 8:48 AM ET
- Size
- 10.0 KB