SEC Form 4 · accession 0001192482-17-000090
FIVE BELOW, INC · FIVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth R Bull
Officer — CFO & Treasurer
Period of report
Mar 20, 2017
Accepted (ET)
Mar 22, 2017 · 7:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001177609
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 20, 2017 | M | 5,424 | $0.00 | A | 59,244 | 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,F1,F3 | — | Mar 20, 2017 | M | 6,780 | D | — | — | Common Stock | 5,424 | 0 | D |
Explanation of responses
- F1Each performance restricted stock unit represents the contingent right to receive one share of Five Below, Inc.'s common stock.
- F2The reporting person was eligible to receive from 0%-150% of the target number of performance restricted stock awards, 4,520. The number reflected in Table II above represents the maximum number of shares the reporting person was eligible to receive subject to the Company's achievement of specified adjusted operating income. Based on the level of attainment of this performance goal, the reporting person vested with respect to 5,424 shares of Five Below, Inc. common stock, and the remaining restricted stock units were canceled.
- F3The restricted stock units vest at the end of a three-year period subject to the Company's achievement of specified adjusted operating income.