SEC Form 4 · accession 0001209191-18-016487

TILLY'S, INC. · TLYS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Tilly Levine

10% Owner

Period of report

Mar 1, 2018

Accepted (ET)

Mar 5, 2018 · 4:38 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
Class A Common Stock^F1	Mar 1, 2018	C	10,000	$0.00	A	10,000	D
Class A Common Stock^F3	Mar 1, 2018	S	10,000	$12.8963	D	0	D
Class A Common Stock^F1	Mar 2, 2018	C	10,000	$0.00	A	10,000	D
Class A Common Stock^F4	Mar 2, 2018	S	10,000	$13.2342	D	0	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock^F1,F5	—	Mar 1, 2018	C	10,000	D	—	—	Class A Common Stock	10,000	3,523,147	D
Class B Common Stock^F1,F5	—	Mar 2, 2018	C	10,000	D	—	—	Class A Common Stock	10,000	3,513,147	D
Class B Common Stock^F6,F5	—	holding	—	—	—	—	—	Class A Common Stock	349,386	349,386	I
Class B Common Stock^F6,F5	—	holding	—	—	—	—	—	Class A Common Stock	349,386	349,386	I

Explanation of responses

F1The shares reported herein are held in The Tilly Levine Separate Property Trust under which the Reporting Person is trustee and beneficiary. The Reporting Person is a party to a voting trust agreement with Hezy Shaked, an officer and director of the Issuer, granting Mr. Shaked, as trustee under such agreement, the right to vote the shares of Class A Common Stock and Class B Common Stock held by the Reporting Person.
F2The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by The Tilly Levine Separate Property Trust, of which the Reporting Person is trustee and beneficiary, on June 8, 2017 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F3The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $12.385 to $13.130, 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.
F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $12.63 to $13.53, 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.
F5Class B Common Stock has no expiration date and, subject to certain events, is automatically convertible on a one-for-one basis into shares of Class A Common Stock.
F6Represents shares of Class B Common Stock held by trusts of which the Reporting Person is trustee and an immediate family member is the beneficiary. The Reporting Person disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein, if any.