SEC Form 4 · accession 0001209191-16-121624
HSN, Inc. · HSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas McInerney
Director
Period of report
May 18, 2016
Accepted (ET)
May 19, 2016 · 3:56 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 shareF2 | May 18, 2016 | M | 1,635 | — | A | 61,669 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | May 18, 2016 | M | 1,635 | D | — | — | Common Stock, par value $0.01 per share | 1,635 | 0 | D |
| Deferred Stock UnitsF4,F5 | — | May 18, 2016 | A | 2,279 | A | — | — | Common Stock, par value $0.01 per share | 2,279 | 13,834 | D |
Explanation of responses
- F1Represents shares of the company's common stock acquired upon the vesting of restricted stock units ("RSUs").
- F2RSUs convert into stock on a one-for-one basis.
- F3All of such RSUs vested on May 18, 2016.
- F4Each deferred stock unit ("DSU") represents a contingent right to receive one share of common stock.
- F5Represents a grant of deferred stock units 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.