SEC Form 4 · accession 0001140361-15-008202
CARTERS INC · CRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Dennis Casey
Officer — Chief Executive Officer
Period of report
Feb 18, 2015
Accepted (ET)
Feb 20, 2015 · 4:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001060822
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 18, 2015 | A | 14,000 | $0.00 | A | 540,091 | D | |
| Common StockF3,F2 | Feb 18, 2015 | A | 28,000 | $0.00 | A | 568,091 | D | |
| Common StockF4,F2 | Feb 18, 2015 | F | 1,244 | $82.40 | D | 566,847 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Purchase)F5 | $82.40 | Feb 18, 2015 | A | 28,000 | A | Feb 18, 2016 | Feb 18, 2025 | Common Stock | 28,000 | 28,000 | D |
Explanation of responses
- F1These restricted shares are subject to restrictions that lapse in four equal annual installments beginning one year from the grant date.
- F2Some of these shares are restricted shares that are subject to either time-vesting or performance-based restrictions.
- F3These restricted shares cliff vest based upon the achievement of certain 2017 earnings targets.
- F4The transaction reported in this Form 4 reflects withholding of shares of common stock to satisfy tax withholding obligations resulting from the vesting of restricted stock.
- F5These time-vesting options are exercisable in four equal annual installments beginning one year from the grant date.