SEC Form 4 · accession 0001104659-15-002435
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philo Pappas
Officer — EVP, Category Management
Period of report
Jan 12, 2015
Accepted (ET)
Jan 14, 2015 · 7:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001593936
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 12, 2015 | M | 34,916 | $3.48 | A | 227,080 | D | |
| Common Stock | Jan 12, 2015 | S | 34,916 | $23.58 | D | 192,164 | D | |
| Common Stock | Jan 13, 2015 | M | 30,796 | $3.48 | A | 222,960 | D | |
| Common Stock | Jan 13, 2015 | S | 30,796 | $23.93 | D | 192,164 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $3.48 | Jan 12, 2015 | M | 34,916 | D | — | Jul 1, 2017 | Common Stock | 34,916 | 0 | D |
| Employee Stock Option (right to buy)F2 | $3.48 | Jan 13, 2015 | M | 30,796 | D | — | Jul 1, 2017 | Common Stock | 30,796 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 9, 2014.
- F2This option to purchase common stock vested in equal installments annually over five years beginning on the first anniversary of the grant date of July 2, 2009.