SEC Form 4 · accession 0001140361-15-008528
COSI INC · COSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vicki J Baue
Officer — V.P. & General Counsel, CCO
Period of report
Dec 12, 2014
Accepted (ET)
Feb 23, 2015 · 8:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001171014
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01F1 | Dec 12, 2014 | A | 25,000 | $0.00 | A | 94,253 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These restricted shares were granted to the reporting person on December 12, 2014. Fifty percent (50%) of the shares will vest in four equal annual installments commencing on the first anniversary of the date of award provided that the reporting person remains in the continuous employ of the Company through each such vesting date. Fifty percent (50%) of the shares will vest in four equal installments commencing on the first anniversary of the date of award provided that (1) the reporting person remains in the continuous employ of the Company and (2) specified price targets for the Company's common stock are achieved. The price target for each installment is as follows: the closing price of the Company's common stock shall have exceeded, for a period of 30 consecutive trading days, $2.00, $2.50, $3.00 and $4.00.