SEC Form 4 · accession 0001140361-15-012650
HIBBETT SPORTS INC · HIBB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Newsome
Director
Period of report
Mar 11, 2015
Accepted (ET)
Mar 19, 2015 · 3:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001017480
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | Mar 13, 2015 | M | 5,700 | $0.00 | A | 50,411 | D | |
| Common Stock, par value $0.01 per share | Mar 13, 2015 | F | 2,011 | $0.00 | D | 48,400 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | $0.00 | Mar 13, 2015 | A | 5,700 | A | Mar 13, 2015 | — | Common Stock | 5,700 | 5,700 | D |
| Restricted Stock UnitF1,F2 | $0.00 | Mar 13, 2015 | M | 5,700 | D | Mar 13, 2015 | — | Common Stock | 5,700 | 0 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Mar 17, 2015 | A | 2,971 | A | — | — | Common Stock | 2,971 | 2,971 | D |
Explanation of responses
- F1Performance-based RSU award under Amended 2005 Equity Incentive Plan. Three year cliff vest from date of grant of 3/13/2012. Performance certified achieved by Issuer's Compensation Committee on 3/11/2015. Reporting person has met retirement eligibility; the units have converted to common stock. There is no expiration date.
- F2Each RSU is the economic equivalent of one share of Issuer's common stock. The reporting person has settled the RSUs for stock.
- F3Annual equity award to Directors under the 2012 Non-Employee Director Equity Plan (NEDEP). Under the NEDEP, Directors can choose form(s) of equity. Reporting person chose annual equity award in the form of restricted stock units to vest upon retirement from the Board of Directors.
- F4The Board of Directors of Issuer adopted an annual grant value to the Chairman of the Board of $150,000. Grant based on Issuer stock price at date of grant of $50.48. There is no expiration date.