SEC Form 4 · accession 0001209191-17-035936
KIRKLAND'S, INC · KIRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Kirkland
Director
Period of report
May 25, 2017
Accepted (ET)
May 26, 2017 · 5:10 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 Stock | May 25, 2017 | M | 5,000 | $3.33 | A | 471,134 | D | |
| Common StockF1 | May 25, 2017 | F | 1,850 | $9.00 | D | 469,284 | 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) | $3.33 | May 25, 2017 | M | 5,000 | D | Jun 4, 2008 | Jun 4, 2017 | 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 $3.33 per share. Mr. Kirkland paid the option exercise price by surrendering a total of 1,850 shares, and he retained the remaining 3,150 shares.