SEC Form 4 · accession 0001209191-15-045319
HSN, Inc. · HSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John B Morse Jr.
Director
Period of report
May 19, 2015
Accepted (ET)
May 21, 2015 · 4:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434729
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | May 20, 2015 | S | 10,000 | $69.50 | D | 42,904 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF2,F3 | — | May 19, 2015 | A | 1,596 | A | — | — | Common Stock, par value $0.01 per share | 1,596 | 12,873 | D |
Explanation of responses
- F1This transaction was executed in multiple trades ranging in price from $69.50 to $69.63 per share. The price above reflects the weighted average sales price. The reporting person undertakes to provide information regarding the number of shares and prices at which the transaction was effected upon request of the SEC staff, the issuer or a security holder of the issuer.
- F2Each deferred stock unit ("DSU") represents a contingent right to receive one share of common stock.
- F3Represents a grant of DSUs in connection with the reporting person's continuous service as a non-employee director of the company. The terms of the grant provide for 100% vesting on the earlier of (i) the first anniversary of the grant date or (ii) the date of the company's next annual meeting of shareholders. The DSUs will be settled in shares of the company's common stock six months following the reporting person's retirement or other termination of service as a director.