SEC Form 4 · accession 0001548309-18-000055
SEARS HOMETOWN & OUTLET STORES, INC. · SHOS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Gray
Officer — SVP, Chief Operating Officer
Period of report
Apr 13, 2018
Accepted (ET)
Apr 17, 2018 · 4:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001548309
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 13, 2018 | M | 20,661 | $0.00 | A | 25,261 | D | |
| Common Stock | Apr 13, 2018 | D | 20,661 | $3.25 | D | 4,600 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock (stock units)F1 | $0.00 | Apr 13, 2018 | M | 20,661 | D | Apr 13, 2018 | Apr 13, 2018 | Common Stock | 20,661 | 0 | D |
Explanation of responses
- F1Each share of phantom stock (each a stock unit) was the economic equivalent of one share of the Company's common stock and was payable only in cash. These shares of phantom stock (stock units) vested in accordance with their terms and were paid in cash.