SEC Form 4 · accession 0001179110-16-029162
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 22, 2016
Accepted (ET)
Aug 31, 2016 · 6:31 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 22, 2016 | A | 50,000 | $0.00 | A | 337,500 | 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 | $2.15 | Aug 22, 2016 | A | 200,000 | A | — | Aug 22, 2026 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1The reporting person was awarded restricted stock which vests on August 22, 2019.
- F2Includes 12,500 shares of common stock, 250,000 shares of restricted stock which vest on November 3, 2017, 25,000 shares of restricted stock which vest on August 25, 2018, and 50,000 shares of restricted stock which vest on August 22, 2019.
- F3The reporting person was awarded stock appreciation rights (SARs) which vest as follows: 50,000 on August 22, 2017; 50,000 on August 22, 2018, and 100,000 on August 22, 2019. 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.