SEC Form 4 · accession 0001225208-15-022622
Designer Brands Inc. · DBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay L Schottenstein
Officer — Executive Chairman · Director · 10% Owner
Period of report
Dec 15, 2015
Accepted (ET)
Dec 17, 2015 · 5:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001319947
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Dec 15, 2015 | A | 17,235 | A | — | Dec 15, 2018 | Class A Common Shares | 17,235 | 17,235 | D |
| Stock Option - Right to BuyF3 | $23.21 | Dec 15, 2015 | A | 63,105 | A | — | Dec 15, 2025 | Class A Common Shares | 63,105 | 63,105 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of DSW common stock.
- F2Restricted stock units vest 25% on the first and second anniversaries of the date of grant and 50% on the third anniversary of the date of grant.
- F3Option vests 25% on the first and second anniversaries of the date of grant and 50% on the third anniversary of the date of grant.