SEC Form 4 · accession 0001336545-15-000033
AMERICAN APPAREL, INC · APP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chelsea A Grayson
Officer — GC, EVP & Secretary
Period of report
Mar 30, 2015
Accepted (ET)
Apr 1, 2015 · 5:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001336545
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.0001 par value | Mar 30, 2015 | A | 200,000 | $0.00 | A | 200,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F1 | $0.71 | Mar 30, 2015 | A | 150,000 | A | — | Mar 30, 2025 | Common Stock, $0.0001 par value | 150,000 | 150,000 | D |
Explanation of responses
- F1Subject to continuous service, 1/3 of the shares subject to the option will vest on the first anniversary of the date of grant, and 1/36 of the total number of the shares subject to the option will vest each month thereafter, subject to acceleration of vesting on an involuntary termination in connection with a change in control.