SEC Form 4 · accession 0001359841-15-000051
Hanesbrands Inc. · HBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joia M Johnson
Officer — Chief Legal Ofcr, GC&Corp Sec
Period of report
Feb 26, 2015
Accepted (ET)
Mar 2, 2015 · 6:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001359841
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 26, 2015 | M | 49,645 | $25.10 | A | 168,774 | D | |
| Common StockF1 | Feb 26, 2015 | F | 28,549 | $127.73 | D | 140,225 | D | |
| Common StockF2 | Feb 27, 2015 | S | 21,096 | $127.99 | D | 119,129 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $25.10 | Feb 26, 2015 | M | 49,645 | A | — | Feb 4, 2015 | Common Stock | 49,645 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. These shares were withheld by Hanesbrands Inc. for payment of the exercise price and applicable taxes, based on the market price of Hanesbrands Inc. common stock at the time of the option exercise on February 26, 2015 of $127.73.
- F2This transaction was executed in multiple trades at prices ranging from $127.57 to $128.32. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the SEC staff, Hanesbrands Inc. or any security holder of Hanesbrands Inc. full information regarding the number of shares sold at each separate price.
- F3The options vest in three installments of 33% on February 4, 2009, 33% on February 4, 2010 and 34% on February 4, 2011.