SEC Form 4 · accession 0001359841-16-000346
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 16, 2016
Accepted (ET)
Feb 18, 2016 · 4:58 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 16, 2016 | M | 45,464 | $6.79 | A | 457,496 | D | |
| Common StockF1 | Feb 16, 2016 | F | 26,660 | $27.495 | D | 430,836 | 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)F2,F3 | $6.79 | Feb 16, 2016 | M | 45,464 | D | — | Dec 6, 2020 | Common Stock | 45,464 | 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 16, 2016 of $27.495.
- F2This option was previously reported as covering 11,366 shares at an exercise price of $27.16 per share, but was adjusted to reflect a 4-for-1 stock split that occurred on March 3, 2015.
- F3The option vested in three installments of 33% on December 6, 2011, 33% on December 6, 2012 and 34% on December 6, 2013.