LAMADRID DAN 4
4 · Ascena Retail Group, Inc. · Filed Oct 4, 2019
Insider Transaction Report
Form 4
LAMADRID DAN
SVP, Finance & CAO
Transactions
- Award
Options To Buy
2019-10-02+100,000→ 100,000 totalExercise: $0.26From: 2020-10-02Exp: 2026-10-02→ Common (100,000 underlying) - Award
Options To Buy
2019-10-02+50,000→ 50,000 totalExercise: $0.26→ Common (50,000 underlying)
Holdings
- 10,189
Common
Footnotes (4)
- [F1]Granted under the Company's 2016 Omnibus Incentive Plan.
- [F2]On October 2, 2019, the reporting person was granted 100,000 non-qualified stock options, vesting in two annual installments beginning on the first anniversary of the grant date.
- [F3]Subject to the grantee's continued employment from the grant date through the applicable vesting date: 25% of the 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 anniversary of the grant date (the "$3 Hurdle"); an additional 25% of the 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 the 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 anniversary of the grant date; (the "$7 Hurdle"), provided, however, if the $3 Hurdle, the $5 Hurdle and/or the $7 Hurdle is actually achieved prior the second
- [F4]anniversary of the grant date, the portion of the NQSOs related to the achievement of the $3 Hurdle, $5 Hurdle and $7 Hurdle that was actually achieved prior to the second anniversary 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. If the $3 Hurdle, $5 Hurdle and/or $7 Hurdle is not actually achieved by the third anniversary of the grant date, all NQSOs that did not vest as of the third anniversary will be forfeited for no consideration.