4//SEC Filing
Ribatt Gregg 4
Accession 0001523928-12-000003
CIK 0001060232other
Filed
Oct 9, 8:00 PM ET
Accepted
Oct 10, 4:29 PM ET
Size
17.9 KB
Accession
0001523928-12-000003
Insider Transaction Report
Form 4
Ribatt Gregg
CEO and President - PLG
Transactions
- Disposition to Issuer
Common Stock
2012-10-09$21.75/sh−140,015$3,045,326→ 0 total - Disposition to Issuer
Stock Appreciation Right
2012-10-09−21,332→ 0 totalExercise: $20.45Exp: 2018-03-24→ Common Stock (21,332 underlying) - Disposition to Issuer
Stock Appreciation Right
2012-10-09−87,500→ 0 totalExercise: $11.08Exp: 2016-03-26→ Common Stock (87,500 underlying) - Disposition to Issuer
Stock Appreciation Right
2012-10-09−124,306→ 0 totalExercise: $12.45Exp: 2015-03-27→ Common Stock (124,306 underlying) - Disposition to Issuer
Performance Share Units
2012-10-09−49,061→ 0 total→ Common Stock (49,061 underlying)
Footnotes (4)
- [F1]Includes the following shares of restricted stock granted under the Collective Brands, Inc. 2006 Stock Incentive Plan (the "CBI SIP"), which pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 1, 2012, among Collective Brands, Inc., WBG-PSS Holdings, LLC, WBG-PSS Merger Sub Inc., and Wolverine World Wide, Inc., were cancelled in exchange for a cash payment of $21.75 per share: 11,840 shares of restricted stock granted on March 24, 2011, were scheduled to vest on March 24, 2014; and 6,207 shares of restricted stock granted on March 25, 2010 were scheduled to vest on March 25, 2013. Also includes 19,722 shares of restricted stock granted under the CBI SIP on March 20, 2012 that were scheduled to vest on March 20, 2015, which were cancelled pursuant to the Merger Agreement in exchange for a cash payment of $21.75 per share, payable after March 20, 2015.
- [F2]Includes 21,332 stock appreciation rights granted on March 24, 2011, under the CBI SIP. Pursuant to this award, 7,110 stock appreciation rights vested on March 24, 2012; 7,111 stock appreciation rights were scheduled to vest on March 24, 2013 and 7,111 stock appreciation rights were scheduled to vest on March 24, 2014. Pursuant to the Merger Agreement, these stock appreciation rights were cancelled in exchange for a cash payment of $1.30 per unit, whether vested or unvested, representing the difference between the exercise price of the unit and $21.75 per share.
- [F3]This stock appreciation right was fully vested and cancelled pursuant to the Merger Agreement in exchange for a cash payment equal to the product of (i) $21.75 less the exercise price per share of the option multiplied by (ii) the total number of shares underlying the stock appreciation right.
- [F4]Includes 19,722 performance share units granted on March 20, 2012 under the CBI SIP. 6,574 performance shares units were scheduled to vest on March 20, 2013, 6,574 performance shares units were scheduled to vest on March 20, 2014, and 6,574 performance shares units were scheduled to vest on March 20, 2015; and 29,339 performance share units granted on March 24, 2011 were scheduled to vest on March 24, 2014 if performance criteria achieved. Pursuant to the Merger Agreement, these performance share units were cancelled in exchange for a cash payment of $21.75 per unit, payable after the applicable vesting date of such performance share units. Performance units at target are equivalent to one share of Collective Brands, Inc. common stock. Pursuant to the Merger Agreement, any applicable performance vesting schedule was deemed met at the target level.
Documents
Issuer
COLLECTIVE BRANDS, INC.
CIK 0001060232
Entity typeother
Related Parties
1- filerCIK 0001523928
Filing Metadata
- Form type
- 4
- Filed
- Oct 9, 8:00 PM ET
- Accepted
- Oct 10, 4:29 PM ET
- Size
- 17.9 KB