SEC Form 4 · accession 0001209191-19-017532
PRICESMART INC · PSMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sherry S. Bahrambeygui
Director
Period of report
Mar 4, 2019
Accepted (ET)
Mar 6, 2019 · 7:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001041803
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.0001 par value per shareF1 | Mar 4, 2019 | F | 15,753 | $0.00 | D | 112,479 | D | |
| Common Stock, $0.0001 par value per shareF2 | Mar 4, 2019 | F | 1,408 | $63.90 | D | 111,071 | D | |
| Common Stock, $0.0001 par value per shareF3 | Mar 6, 2019 | A | 39,866 | $0.00 | A | 150,937 | D | |
| Common Stock, $0.0001 par value per shareF4 | Mar 6, 2019 | A | 23,264 | $0.00 | A | 174,201 | D | |
| Common Stock, $0.0001 par value per shareF5 | holding | — | — | — | 69,728 | I | By Hosey Family Trust | |
| Common Stock, $0.0001 par value per shareF6 | holding | — | — | — | 1,000 | I | By son | |
| Common Stock, $0.0001 par value per shareF6 | holding | — | — | — | 1,000 | I | By son |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the reporting person's service as Interim Chief Executive Officer, she previously received an award of 19,827 shares of restricted stock. In connection with her transition to permanent Chief Executive Officer, vesting of a portion of the award (4,074 shares) was accelerated on March 4, 2019 and the balance of the shares was forfeited.
- F2Represents the withholding of restricted stock to satisfy the reporting person's tax withholding obligation upon the vesting of 4,074 shares of restricted stock.
- F3Award of restricted stock, subject to vesting. 20% of the shares vest August 29, 2019, 45% vest August 29, 2020 and 35% vest August 29, 2021, subject to continued service through each such vesting date.
- F4Award of restricted stock, subject to vesting. 50% of the shares vest August 29, 2019, 25% vest August 29, 2020 and 25% vest August 29, 2021, subject to continued service through each such vesting date.
- F5The reported securities are owned directly or indirectly by the Hosey Family Trust of which the Reporting Person is co-trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- F6The reported securities are held in custodial accounts for the benefit of the Reporting Person's minor children. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.