SEC Form 4 · accession 0001209191-16-124224
KIRKLAND'S, INC · KIRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Kirkland
Director
Period of report
May 27, 2016
Accepted (ET)
May 31, 2016 · 10:20 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 27, 2016 | M | 5,000 | $5.34 | A | 864,044 | D | |
| Common StockF1 | May 27, 2016 | F | 1,910 | $13.98 | D | 862,134 | 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 27, 2016 | M | 5,000 | D | Jun 5, 2007 | Jun 5, 2016 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1Mr. Kirkland exercised options to purchase 5,000 shares of common stock at an exercise price of $5.34 per share. Mr. Kirkland paid the option exercise price and the applicable taxes to be withheld by surrendering a total of 1,910 shares, and he retained the remaining 3,090 shares.