Walthall Leonard L. 4
4 · AMERICAS CARMART INC · Filed Sep 8, 2020
Insider Transaction Report
Form 4
Walthall Leonard L.
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2020-09-03$101.70/sh−5,500$559,350→ 13,631.88 total - Exercise/Conversion
Common Stock
2020-09-03$53.02/sh+4,500$238,590→ 19,131.88 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-09-03−1,875→ 0 totalExercise: $53.02From: 2020-05-22Exp: 2025-05-22→ Common Stock (1,875 underlying) - Exercise/Conversion
Common Stock
2020-09-03$50.25/sh+3,000$150,750→ 14,631.88 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-09-03−3,000→ 0 totalExercise: $50.25Exp: 2024-11-20→ Common Stock (3,000 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-09-03−2,625→ 0 totalExercise: $53.02From: 2020-05-22Exp: 2025-05-22→ Common Stock (2,625 underlying)
Footnotes (4)
- [F1]Includes 0.88 share held by the reporting person under the America's Car-Mart, Inc. Employee Stock Purchase Plan.
- [F2]Includes 3,828 shares withheld by the issuer to pay the exercise price pursuant to the "net exercise" arrangement and 1,672 shares withheld by the issuer to satisfy the reporting person's tax obligation in connection with this exercise.
- [F3]The remaining portion of the option outstanding at the time the reporting person became subject to Section 16 vested in two installments with 3,000 options that vested on November 20, 2018 and 5,000 options that vested on November 20, 2019.
- [F4]On May 22, 2015, the reporting person was granted an option to purchase 2,625 shares of common stock. The option vested in full on the fifth anniversary of the grant date if the Company's cumulative consolidated net income growth, calculated on a compound basis, for the five fiscal years ending April 30, 2020 was equal to 10% or more. The performance criteria were met, resulting in the vesting of the option for 2,625 shares of common stock on May 22, 2020.