GRAY MICHAEL A 4
4 · SEARS HOMETOWN & OUTLET STORES, INC. · Filed Jan 31, 2018
Insider Transaction Report
Form 4
GRAY MICHAEL A
SVP, Store Operations
Transactions
- Exercise/Conversion
Phantom Stock (stock units)
2018-01-30−6,667→ 13,333 totalExercise: $0.00From: 2020-01-30Exp: 2020-01-30→ Common Stock (6,667 underlying) - Exercise/Conversion
Common Stock
2018-01-30+6,667→ 11,267 total - Disposition to Issuer
Common Stock
2018-01-30$2.63/sh−6,667$17,501→ 4,600 total
Footnotes (2)
- [F1]Each share of Phantom Stock (stock units) is the economic equivalent of one share of the Company's common stock and is exercisable solely in cash.
- [F2]These shares of Phantom Stock (stock units) vested on 1-30-18 in accordance with their terms. The remaining shares of Phantom Stock (stock units) with respect to this grant vest one-half on 1-30-19 and the other half on 1-30-20.