SEC Form 4 · accession 0001225208-16-043557
Designer Brands Inc. · DBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jared A. Poff
Officer — Chief Financial Officer
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 5:08 pm EST
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 | Dec 15, 2016 | M | 766 | $0.00 | A | 7,716 | D | |
| Class A Common Shares | Dec 15, 2016 | F | 256 | $24.38 | D | 7,460 | 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 RightsF1 | — | Dec 15, 2016 | M | 26 | D | — | — | Class A Common Shares | 26 | 401 | D |
| Restricted Stock UnitF2,F3 | — | Dec 15, 2016 | M | 740 | D | — | Dec 25, 2018 | Class A Common Shares | 740 | 2,220 | D |
Explanation of responses
- F1The 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.
- F2Each restricted stock unit represents a contingent right to receive one share of DSW common stock.
- F3Restricted 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.