SEC Form 4 · accession 0001209191-17-036928
CONNS INC · CONN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman Miller
Officer — Chairman, President and CEO · Director
Period of report
Feb 23, 2017
Accepted (ET)
Jun 1, 2017 · 7:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001223389
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 23, 2017 | A | 258,000 | $0.00 | A | 413,559 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Units ("RSUs") awarded to the reporting person under Conn's, Inc.'s Amended 2016 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs vest in 3 equal annual installments commencing on February 23, 2018.
- F2This grant was contingently awarded on February 23, 2017 pending shareholder approval of Conn's, Inc.'s Amended 2016 Omnibus Incentive Plan at the annual meeting of stockholders on May 31, 2017.
- F3Amount does not include performance-based restricted stock units ("PBRSUs") granted to the reporting person on February 23, 2017. The number of PBRSUs that the reporting person will receive will be determined at the end of the three-year performance period ending January 31, 2020, and will be determined based on the Company's three-year EBITDA performance. Performance awards not tied to stock price are not derivative securities for purposes of Section 16 under guidance from the staff of the SEC.