SEC Form 4 · accession 0001140361-16-053985
CARTERS INC · CRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard F. Westenberger
Officer — Chief Financial Officer
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 6:09 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,F3 | Feb 16, 2016 | A | 8,220 | $0.00 | A | 52,783 | D | |
| Common StockF4,F2,F3 | Feb 16, 2016 | A | 3,400 | $0.00 | A | 56,183 | 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 | $90.66 | Feb 16, 2016 | A | 5,220 | A | Feb 16, 2017 | Feb 16, 2026 | Common Stock | 5,220 | 5,220 | 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.
- F2Granted at no cost to the reporting person.
- F3Some of these shares are restricted shares that are subject to either time-vesting or performance-based restrictions.
- F4These restricted shares cliff vest based upon the achievement of certain 2018 earnings targets.
- F5These time-vesting options are exercisable in four equal annual installments beginning one year from the grant date.