SEC Form 4 · accession 0000950138-16-000982
BUILD-A-BEAR WORKSHOP INC · BBW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J. Christopher Hurt
Officer — Chief Operations Officer
Period of report
Mar 7, 2016
Accepted (ET)
Mar 9, 2016 · 4:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001113809
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 7, 2016 | A | 7,488 | — | A | 11,493 | D | |
| Common StockF3,F2,F4 | Mar 7, 2016 | A | 1,863 | — | A | 13,356 | 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 Buy)F6,F5 | $13.69 | Mar 7, 2016 | A | 15,249 | A | Mar 7, 2016 | Mar 7, 2026 | Common Stock | 15,249 | 15,249 | D |
Explanation of responses
- F1Grant to reporting person of 7,488 shares of restricted stock. The shares vest in equal annual installments over three years from the date of the grant.
- F2Price is not applicable to grants of restricted stock.
- F3Grant to reporting person of 1,863 shares of restricted stock upon payout of earned performance share award under shareholder-approved benefit plan. The payout was based on the level of achievement of financial targets for the performance period ended January 2, 2016. The shares vest in equal annual installments on March 15, 2016, March 15, 2017 and March 15, 2018.
- F4After giving effect to the transactions reported in this Form 4, Mr. Hurt directly owns 13,356 shares of restricted stock of Build-A-Bear Workshop, Inc. In addition, Mr. Hurt holds unvested options to purchase 21,171 shares of Build-A-Bear Workshop, Inc.'s common stock.
- F5The options vest in equal annual installments over three years from the date of grant.
- F6Price is not applicable to acquisitions resulting from grants of stock options.