SEC Form 4 · accession 0001179110-16-023697
RTW Retailwinds, Inc. · RTW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory J Scott
Officer — Chief Executive Officer · Director
Period of report
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 6:18 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 | Apr 29, 2016 | A | 300,000 | $0.00 | A | 568,780 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person was granted an award of performance-based restricted stock that vests subject to the Company achieving minimum, target, and maximum operating income levels for fiscal year 2016, and continued employment with the Company. All 300,000 performance-basedshares will be cancelled if the Company achieves below the minimum operating income goal for fiscal year 2016. If the Company achieves between the minimum and target operating income goals for fiscal year 2016, the reporting person will earn between 54,520 and 272,720 shares ofrestricted stock. If the Company achieves between the target and maximum operating income goals for fiscal year 2016, the reporting person will earn between 272,720 and 300,000 shares of restricted stock. Any earned shares will vest ratably through March 2019.
- F2Includes 68,780 shares of common stock; 100,000 shares of restricted stock which vest on August 26, 2016; 100,000 shares of restricted stock which vest on August 25, 2017; and 300,000 shares of performance-based restricted stock.