SEC Form 4 · accession 0001140361-16-056869
Lumber Liquidators Holdings, Inc. · LL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas D Sullivan
Officer — Founder · Director
Period of report
Mar 3, 2016
Accepted (ET)
Mar 7, 2016 · 7:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001396033
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to purchase)F1 | $12.86 | Mar 3, 2016 | A | 4,152 | A | — | Aug 11, 2025 | Common Stock | 4,152 | 4,152 | D |
| Stock Option (right to purchase)F2 | $16.13 | Mar 3, 2016 | A | 9,920 | A | — | Nov 10, 2025 | Common Stock | 9,920 | 9,920 | D |
| Stock Option (right to purchase)F3 | $12.01 | Mar 3, 2016 | A | 6,250 | A | — | Mar 4, 2026 | Common Stock | 6,250 | 6,250 | D |
| Stock Option (right to purchase)F4 | $12.01 | Mar 3, 2016 | A | 12,500 | A | — | Mar 4, 2026 | Common Stock | 12,500 | 12,500 | D |
Explanation of responses
- F1On August 10, 2015, Mr. Sullivan was granted a stock option to purchase 8,305 shares of common stock, subject to performance conditions for the fiscal year ended December 31, 2015. The performance conditions were met for one-half of stock option, which vests at the rate of 33% per year over three years beginning August 10, 2016 if Mr. Sullivan is employed by Lumber Liquidators Holdings, Inc. (or any related company) or serves on its Board of Directors on such anniversary, as more fully set forth in Form of Performance Option Award Agreement filed as Exhibit 10.2 in Issuer's current report on Form 8-K filed August 5, 2015.
- F2On November 9, 2015, Mr. Sullivan was granted a stock option to purchase 19,841 shares of common stock, subject to performance conditions for the fiscal year ended December 31, 2015. The performance conditions were met for one-half of stock option, which vests at the rate of 33% per year over three years beginning November 9, 2016 if Mr. Sullivan is employed by Lumber Liquidators Holdings, Inc. (or any related company) or serves on its Board of Directors on such anniversary, as more fully set forth in Form of Performance Option Award Agreement filed as Exhibit 10.31 in Issuer's annual report on Form 10-K filed February 29, 2016.
- F3On March 3, 2016, Mr. Sullivan was granted a stock option to purchase 12,500 shares of common stock, subject to performance conditions for the fiscal year ended December 31, 2015. The performance conditions were met for one-half of stock option, which vests at the rate of 33% per year over three years beginning March 3, 2017 if Mr. Sullivan is employed by Lumber Liquidators Holdings, Inc. (or any related company) or serves on its Board of Directors on such anniversary, as more fully set forth in Form of Performance Option Award Agreement filed as Exhibit 10.31 in Issuer's annual report on Form 10-K filed February 29, 2016.
- F4Stock option vests at the rate of 33% per year over three years beginning March 3, 2017 if Mr. Sullivan is employed by Lumber Liquidators Holdings, Inc. (or any related company) or serves on its Board of Directors on such anniversary, as more fully set forth in Form of Service Option Award Agreement filed as Exhibit 10.29 in Issuer's annual report on Form 10-K filed February 29, 2016.