SEC Form 4 · accession 0001104659-15-066051
RTW Retailwinds, Inc. · RTW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Worthington
Officer — President and COO
Period of report
Aug 25, 2015
Accepted (ET)
Sep 18, 2015 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001211351
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 25, 2015 | A | 25,000 | $0.00 | A | 287,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF3 | $2.60 | Aug 25, 2015 | A | 150,000 | A | — | Aug 25, 2025 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1The reporting person was awarded restricted stock which vests on August 25, 2018.
- F2Includes 12,500 shares of common stock, 250,000 shares of restricted stock which vest on November 3, 2017, and 25,000 shares of restricted stock which vest on August 25, 2018.
- F3The reporting person was awarded stock appreciation rights (SARs) which vest as follows: 37,500 on August 25, 2016; 37,500 on August 25, 2017, and 75,000 on August 25, 2018. Each SAR represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the SAR to the date of exercise of the SAR. Upon exercise the SARs will be settled in stock.