SEC Form 4 · accession 0001144204-16-100062
Childrens Place, Inc. · PLCE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Low
Officer — SVP, Store Operations
Period of report
May 5, 2016
Accepted (ET)
May 9, 2016 · 8:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001041859
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.10 per share | May 5, 2016 | F | 1,216 | $71.49 | D | 27,965 | D | |
| Common Stock, par value $0.10 per shareF1 | May 5, 2016 | A | 5,246 | $0.00 | A | 33,211 | D | |
| Common Stock, par value $0.10 per share | May 6, 2016 | F | 780 | $71.95 | D | 32,431 | D | |
| Common Stock, par value $0.10 per shareF2 | May 6, 2016 | S | 1,332 | $71.20 | D | 31,099 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of Common Stock, par value $0.10 per share, of The Children's Place, Inc. (the "Company"), underlying time restricted stock units granted under the Company's 2011 Equity Incentive Plan (the "Plan") on May 5, 2016, one-third of which are deliverable to Mr. Low on each of the first, second and third anniversaries of the date of grant provided Mr. Low is employed by the Company on the respective vesting dates, subject to the terms and conditions of the Plan.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2015. The shares were sold to pay tax liabilities incident to the vesting of restricted stock units on May 5, 2016