SEC Form 4 · accession 0001359841-15-000196
Hanesbrands Inc. · HBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Howard Upchurch Jr.
Officer — Group President, IW Americas
Period of report
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 4:41 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 StockF1 | Dec 1, 2015 | M | 116,128 | $6.28 | A | 588,972 | D | |
| Common StockF2 | Dec 1, 2015 | F | 67,713 | $30.96 | D | 521,259 | D | |
| Common StockF3 | Dec 1, 2015 | S | 48,415 | $30.93 | D | 472,844 | 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)F1,F4 | $6.28 | Dec 1, 2015 | M | 116,128 | D | — | Feb 5, 2017 | Common Stock | 116,128 | 0 | D |
Explanation of responses
- F1This option was previously reported as covering 29,032 shares at an exercise price of $25.10 per share, but was adjusted to reflect a 4-for-1 stock split that occurred on March 3, 2015.
- F2Represents 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 December 1, 2015 of $30.96.
- F3This transaction was executed in multiple trades at prices ranging from $30.85 to $30.98. 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.
- F4The options vest in three installments of 33% on February 5, 2008, 34% on February 5, 2009 and 33% on February 5, 2010.