SEC Form 4 · accession 0001336545-15-000085
AMERICAN APPAREL, INC · APP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hassan N Natha
Officer — Executive Vice President & CFO
Period of report
May 26, 2015
Accepted (ET)
May 27, 2015 · 3:59 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 valueF1,F2 | May 26, 2015 | F | 24,000 | $0.5634 | D | 176,000 | 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)F3 | $0.71 | holding | — | — | — | — | Mar 30, 2025 | Common Stock, $0.0001 par value | 150,000 | 150,000 | D |
Explanation of responses
- F1These shares were disposed of to satisfy tax obligations related to the vesting of 50,000 shares of the March 30, 2015 award of common stock.
- F2Represents the weighted average price of multiple transactions with a range of prices between $0.5599 per share and $0.57 per share. The Reporting Person, upon request by the Staff of the SEC, American Apparel Inc. or any security holder of American Apparel Inc. undertakes to provide full information regarding the number of securities sold at each separate price.
- F3Subject 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.