SEC Form 4 · accession 0001209191-16-124221
KIRKLAND'S, INC · KIRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Murray Spain
Director
Period of report
May 26, 2016
Accepted (ET)
May 31, 2016 · 10:18 am 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 Stock | May 26, 2016 | M | 5,000 | $5.34 | A | 29,144 | D | |
| Common StockF1 | May 26, 2016 | F | 2,032 | $13.14 | D | 27,112 | D | |
| Common Stock | May 26, 2016 | M | 5,000 | $3.33 | A | 32,112 | D | |
| Common StockF2 | May 26, 2016 | F | 1,267 | $13.14 | D | 30,845 | D | |
| Common Stock | May 26, 2016 | M | 5,000 | $1.31 | A | 35,845 | D | |
| Common StockF3 | May 26, 2016 | F | 498 | $13.14 | D | 35,347 | D | |
| Common Stock | May 26, 2016 | M | 5,000 | $7.98 | A | 40,347 | D | |
| Common StockF4 | May 26, 2016 | F | 3,037 | $13.14 | D | 37,310 | 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) | $5.34 | May 26, 2016 | M | 5,000 | D | Jun 5, 2007 | Jun 5, 2016 | Common Stock | 5,000 | 0 | D |
| Stock Option (right to buy) | $3.33 | May 26, 2016 | M | 5,000 | D | Jun 4, 2008 | Jun 4, 2017 | Common Stock | 5,000 | 0 | D |
| Stock Option (right to buy) | $1.31 | May 26, 2016 | M | 5,000 | D | Jun 16, 2009 | Jun 16, 2018 | Common Stock | 5,000 | 0 | D |
| Stock Option (right to buy) | $7.98 | May 26, 2016 | M | 5,000 | D | Jun 8, 2010 | Jun 8, 2019 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1Mr. Spain exercised options to purchase 5,000 shares of common stock at an exercise price of $5.34 per share. Mr. Spain paid the option exercise price and the applicable taxes to be withheld by surrendering a total of 2.032 shares, and he retained the remaining 2,968 shares.
- F2Mr. Spain exercised options to purchase 5,000 shares of common stock at an exercise price of $3.33 per share. Mr. Spain paid the option exercise price and the applicable taxes to be withheld by surrendering a total of 1,267 shares, and he retained the remaining 3,733 shares.
- F3Mr. Spain exercised options to purchase 5,000 shares of common stock at an exercise price of $1.31 per share. Mr. Spain paid the option exercise price and the applicable taxes to be withheld by surrendering a total of 498 shares, and he retained the remaining 4,502 shares.
- F4Mr. Spain exercised options to purchase 5,000 shares of common stock at an exercise price of $7.98 per share. Mr. Spain paid the option exercise price and the applicable taxes to be withheld by surrendering a total of 3,037 shares, and he retained the remaining 1,963 shares.