SEC Form 4 · accession 0001181431-15-005015
TILLY'S, INC. · TLYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Debbie Anker-Morris
Officer — VP & GEN MERCHANDISING MGR
Period of report
Mar 19, 2015
Accepted (ET)
Mar 23, 2015 · 7:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001524025
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CLASS A COMMON STOCK | Mar 19, 2015 | M | 20,000 | $8.98 | A | 20,000 | D | |
| CLASS A COMMON STOCK | Mar 19, 2015 | S | 20,000 | $15.00 | D | 0 | D | |
| CLASS A COMMON STOCK | Mar 20, 2015 | M | 20,000 | $8.98 | A | 20,000 | D | |
| CLASS A COMMON STOCK | Mar 20, 2015 | S | 20,000 | $16.00 | D | 0 | D | |
| CLASS A COMMON STOCKF3 | Mar 23, 2015 | A | 25,000 | $0.00 | A | 25,000 | D |
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 BUY)F2 | $8.98 | Mar 19, 2015 | M | 20,000 | D | — | Aug 27, 2017 | CLASS A COMMON STOCK | 20,000 | 80,000 | D |
| STOCK OPTION (RIGHT TO BUY)F2 | $8.98 | Mar 20, 2015 | M | 20,000 | D | — | Aug 27, 2017 | CLASS A COMMON STOCK | 20,000 | 60,000 | D |
Explanation of responses
- F1Exercise and sale of Class A Common Stock pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 26, 2014 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2The option is fully vested and is exercisable.
- F3Includes 25,000 shares of Class A Common Stock awarded under a restricted stock unit agreement. The shares subject to the award are scheduled to vest over a four year period, with 25% of the shares vesting one year from the grant date and 25% of the shares vesting on each succeeding anniversary until all shares have vested.