SEC Form 4 · accession 0001510192-16-000099
Francesca's Holdings CORP · FRAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael W Barnes
Officer — Chairman, President & CEO · Director
Period of report
Mar 15, 2016
Accepted (ET)
Mar 17, 2016 · 7:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001399935
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 15, 2016 | A | 64,982 | $0.00 | A | 90,982 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In March 2015, the Reporting Person was granted a performance stock award to potentially earn between 0% and 150% of the target number of shares upon the achievement of a pre-established level of earnings per share ("EPS")and net sales growth ("Net Sales Growth"). The shares subject to the award are divided into three equal tranches with respect to each of fiscal year 2015, 2016 and 2017. Fifty percent of the target number of shares subject to the award vest based upon the achievement of the EPS goal and the remaining fifty percent vest based upon the achievement of the Net Sales Growth goal. On March 15, 2016, the Issuer's Compensation Committee determined that, based upon the achievement of these metrics, the Reporting Person is eligible to receive 64,982 shares. To receive these shares, the Reporting Person must be continuously employed by the Issuer through the third anniversary of the grant date.