SEC Form 4 · accession 0001225208-15-008448
Designer Brands Inc. · DBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harris Mustafa
Officer — EVP, Supply Chain
Period of report
Mar 22, 2015
Accepted (ET)
Mar 24, 2015 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001319947
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Shares | Mar 22, 2015 | M | 3,866 | $0.00 | A | 26,085 | D | |
| Class A Common Shares | Mar 22, 2015 | F | 1,855 | $38.03 | D | 24,230 | D | |
| Class A Common Shares | Mar 23, 2015 | M | 6,882 | $12.335 | A | 31,112 | D | |
| Class A Common Shares | Mar 23, 2015 | M | 4,086 | $17.43 | A | 35,198 | D | |
| Class A Common SharesF1 | Mar 23, 2015 | S | 10,968 | $38.13 | D | 24,230 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF2 | — | Mar 22, 2015 | M | 306 | D | — | — | Class A Common Shares | 306 | 300 | D |
| Restricted Stock UnitF3 | — | Mar 22, 2015 | M | 3,560 | D | Mar 22, 2015 | Mar 23, 2015 | Class A Common Shares | 3,560 | 0 | D |
| Stock Option - Right to BuyF4 | $17.43 | Mar 23, 2015 | M | 4,086 | D | — | Mar 22, 2021 | Class A Common Shares | 4,086 | 4,086 | D |
| Stock Option - Right to BuyF4 | $12.335 | Mar 23, 2015 | M | 6,882 | D | — | Mar 23, 2020 | Class A Common Shares | 6,882 | 0 | D |
Explanation of responses
- F1Price represents a weighted average of the sale price. Shares were sold at prices ranging from $38.13 to $38.22. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares sold at each separate price.
- F2The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of DSW Class A common stock.
- F3Each restricted stock unit represents a contingent right to receive one share of DSW common stock.
- F4Option vests 20% per year beginning on the first anniversary of the date of grant.