SEC Form 4 · accession 0001209191-16-153921
TILLY'S, INC. · TLYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Debbie Anker-Morris
Officer — Chief Merchandising Officer
Period of report
Dec 5, 2016
Accepted (ET)
Dec 7, 2016 · 4:55 pm EST
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 | Dec 5, 2016 | M | 35,423 | $8.98 | A | 60,423 | D | |
| CLASS A COMMON STOCKF1 | Dec 5, 2016 | S | 20,396 | $13.7724 | D | 40,027 | D | |
| CLASS A COMMON STOCKF2,F3 | Dec 5, 2016 | S | 15,027 | $14.3886 | D | 25,000 | D | |
| CLASS A COMMON STOCK | Dec 6, 2016 | M | 24,577 | $8.98 | A | 49,577 | D | |
| CLASS A COMMON STOCKF4,F3 | Dec 6, 2016 | S | 24,577 | $13.75 | D | 25,000 | D | |
| CLASS A COMMON STOCK | Dec 6, 2016 | M | 5,000 | $6.45 | A | 30,000 | D | |
| CLASS A COMMON STOCKF5,F3 | Dec 6, 2016 | S | 5,000 | $14.4717 | D | 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)F6 | $8.98 | Dec 5, 2016 | M | 35,423 | D | — | Aug 27, 2017 | CLASS A COMMON STOCK | 35,423 | 24,577 | D |
| STOCK OPTION (RIGHT TO BUY)F6 | $8.98 | Dec 6, 2016 | M | 24,577 | D | — | Aug 27, 2017 | CLASS A COMMON STOCK | 24,577 | 0 | D |
| STOCK OPTION (RIGHT TO BUY)F6 | $6.45 | Dec 6, 2016 | M | 5,000 | D | — | Apr 20, 2019 | CLASS A COMMON STOCK | 5,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.26 to $14.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $14.26 to $14.53, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- 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.
- F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.75 to $13.76, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F5The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $14.40 to $14.51, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F6The option is fully vested and is exercisable.