SEC Form 4 · accession 0001209191-17-064298
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 4, 2017
Accepted (ET)
Dec 6, 2017 · 8:37 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 STOCKF1 | Dec 4, 2017 | M | 5,438 | $6.74 | A | 30,438 | D | |
| CLASS A COMMON STOCKF2,F1 | Dec 4, 2017 | S | 5,438 | $16.0015 | D | 25,000 | D | |
| CLASS A COMMON STOCKF3,F4 | Dec 4, 2017 | S | 5,346 | $16.007 | D | 19,654 | 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)F5 | $6.74 | Dec 4, 2017 | M | 5,438 | D | — | Mar 28, 2026 | CLASS A COMMON STOCK | 5,438 | 29,562 | D |
Explanation of responses
- F1Includes 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.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $16.00 to $16.02, 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.
- F3The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $16.00 to $16.04, 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.
- F4These are the remaining shares of Class A Common Stock awarded under a restricted stock unit agreement after the sale reported in Table I, Line 3 Column 4. 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.
- F5The option vests in four equal annual installments on each of the next four anniversaries of the grant date, subject to the Reporting Person's continued employment with or service to the Issuer through the applicable vesting date.