4//SEC Filing
Pettet Bruce T. 4
Accession 0001524050-12-000003
CIK 0001060232other
Filed
Oct 9, 8:00 PM ET
Accepted
Oct 10, 4:28 PM ET
Size
18.0 KB
Accession
0001524050-12-000003
Insider Transaction Report
Form 4
Pettet Bruce T.
President and CEO - CLI
Transactions
- Disposition to Issuer
Stock Appreciation Right
2012-10-09−15,844→ 0 totalExercise: $11.08Exp: 2016-03-26→ Common Stock (15,844 underlying) - Disposition to Issuer
Stock Appreciation Right
2012-10-09−10,000→ 0 totalExercise: $12.45Exp: 2015-03-26→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2012-10-09$21.75/sh−56,076$1,219,653→ 0 total - Disposition to Issuer
Performance Share Units
2012-10-09−3,368→ 0 total→ Common Stock (3,368 underlying) - Disposition to Issuer
Stock Appreciation Right
2012-10-09−3,901→ 0 totalExercise: $20.45Exp: 2018-03-24→ Common Stock (3,901 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: 2,165 shares of restricted stock granted on March 24, 2011, were scheduled to vest on March 24, 2014; 947 shares of restricted stock granted on March 25, 2010 were scheduled to vest on March 25, 2013, and 34,351 shares of restricted stock granted on September 3, 2010 were scheduled to vest on September 3, 2013. Also includes 3,368 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 3,901 stock appreciation rights granted on March 24, 2011, under the CBI SIP. Pursuant to this award, 1,300 stock appreciation rights vested on March 24, 2012; 1,300 stock appreciation rights were scheduled to vest on March 24, 2013 and 1,301 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 3,368 performance share units granted on March 20, 2012 under the CBI SIP. 1,122 performance shares units were scheduled to vest on March 20, 2013, 1,123 performance shares units were scheduled to vest on March 20, 2014, and 1,123 performance shares units were scheduled to vest on March 20, 2015 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 0001524050
Filing Metadata
- Form type
- 4
- Filed
- Oct 9, 8:00 PM ET
- Accepted
- Oct 10, 4:28 PM ET
- Size
- 18.0 KB