SEC Form 4 · accession 0001101396-17-000066
DELTA APPAREL, INC · DLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Justin Marshall Grow
Officer — V.P. Admin. & General Counsel
Period of report
Nov 28, 2017
Accepted (ET)
Nov 30, 2017 · 4:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001101396
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock $0.01 Par ValueF1,F2 | Nov 28, 2017 | M | 3,000 | $0.00 | A | 3,754 | D | |
| Common Stock $0.01 Par ValueF3 | Nov 28, 2017 | D | 1,500 | $21.13 | D | 2,254 | D | |
| Common Stock $0.01 Par ValueF4,F2 | Nov 28, 2017 | A | 2,190 | $0.00 | A | 4,444 | D | |
| Common Stock $0.01 Par ValueF5 | Nov 28, 2017 | D | 1,095 | $21.13 | D | 3,349 | D | |
| Common Stock $0.01 Par ValueF6 | Nov 28, 2017 | F | 893 | $21.13 | D | 2,456 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F7 | $0.00 | Nov 28, 2017 | M | 3,000 | A | — | — | Common Stock $0.01 Par Value | 3,000 | 0 | D |
Explanation of responses
- F1These shares were acquired in connection with the vesting of service-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- F2Each restricted stock unit represents the right to receive one share of common stock of Delta Apparel, Inc. or the cash equivalent.
- F3These shares were disposed of in connection with the conversion of half of the 3,000 vested restricted stock units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- F4These shares were acquired in connection with the vesting of performance-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- F5These shares were disposed of in connection with the conversion of half of the 2,190 vested restricted stock units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- F6These shares were withheld by Delta Apparel, Inc. for the payment of a tax liability incident to the vesting of both performance-based and service-based restricted stock units.
- F7The restricted stock units vested upon the November 28, 2017, filing of the Company's Annual Report on Form 10-K for its fiscal year ended September 30, 2017.