SEC Form 4 · accession 0001192482-15-000236
KIRKLAND'S, INC · KIRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Michael Madden
Officer — President and CEO
Period of report
Jun 4, 2015
Accepted (ET)
Jun 8, 2015 · 3:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001056285
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 4, 2015 | A | 8,000 | $0.00 | A | 118,848 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $25.52 | Jun 4, 2015 | A | 20,000 | A | — | Jun 4, 2025 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1The reporting person was granted 8,000 restricted stock units ("RSUs") under Kirkland's 2002 Equity Incentive Plan. Restricted stock units vest in full three years after the date of the grant.
- F2These stock options were issued under the Company's Amended & Restated 2002 Equity Incentive Plan and will become exercisable as to 25% of the underlying shares on the first anniversary of the grant dates and thereafter will become exercisable as to 6.25% of the underlying shares per quarter for the subsequent three years.