SAKS INC 4
4 · SAKS INC · Filed Nov 5, 2013
Insider Transaction Report
Form 4
SAKS INCSKS
BURGESS MICHAEL
President Saks Direct
Transactions
- Disposition to Issuer
Common Stock
2013-11-04−81,664→ 0 total
Footnotes (2)
- [F1]Includes performance shares granted on February 27, 2013 with performance period scheduled to end on January 31, 2015.
- [F2]Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 28, 2013, by and among Hudson's Bay Company, Harry Acquisition Inc. and Saks Incorporated (the "Company"), each share of the Company's common stock and each restricted share converted at the effective time of the merger into the right to receive $16.00 in cash and each performance share award converted at the effective time into the right to receive cash in an amount equal to the product of the number of shares of the Company's common stock subject to such performance share award (determined based on actual performance for awards for which the performance period was complete and based on target performance for awards for which the performance period was not complete) multiplied by $16.