SEC Form 4 · accession 0000914190-18-000451
TILE SHOP HOLDINGS, INC. · TTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cabell Lolmaugh
Officer — Chief Operating Officer
Period of report
Oct 17, 2018
Accepted (ET)
Oct 19, 2018 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001552800
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 17, 2018 | F | 1,082 | $6.71 | D | 33,466 | 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)F3 | $8.58 | holding | — | — | — | — | Oct 21, 2021 | Common Stock | 5,700 | 5,700 | D |
| Stock Option (right to buy)F4 | $10.00 | holding | — | — | — | — | Aug 21, 2022 | Common Stock | 2,750 | 2,750 | D |
| Stock Option (right to buy)F5 | $14.19 | holding | — | — | — | — | Jul 14, 2022 | Common Stock | 1,613 | 1,613 | D |
| Stock Option (right to buy)F6 | $8.50 | holding | — | — | — | — | Nov 2, 2027 | Common Stock | 26,900 | 26,900 | D |
| Stock Option (right to buy)F7 | $5.55 | holding | — | — | — | — | Feb 22, 2028 | Common Stock | 56,000 | 56,000 | D |
Explanation of responses
- F1The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior restricted stock grant by directing the Company to withhold shares otherwise issuable pursuant to the previously reported grant.
- F2Includes (i) 9,036 shares of restricted stock for which the risks of forfeiture will lapse in installments of 3,012 shares on each of 10/17/19 , 10/17/20 and 10/17/21 and (ii) 22,500 shares of restricted stock for which the risks of forfeiture will lapse in installments of 5,625 shares on each of 2/22/19, 2/22/20, 2/22/21 and 2/22/22.
- F3Options to purchase 2,700 shares are vested and options to purchase 1,500 shares vest on each of 10/21/18 and 10/21/19.
- F4Fully vested.
- F5Options to purchase 969 shares are vested and options to purchase 322 shares vest on each of 7/14/19 and 7/14/20.
- F6Options to purchase 6,725 shares vest on each of 11/6/18, 11/6/19, 11/6/20 and 11/6/21.
- F7Options to purchase 14,000 shares vest on each of 2/22/19, 2/22/20, 2/22/21 and 2/22/22.