SEC Form 4 · accession 0001179110-15-005405
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Veitenheimer
Officer — SVP -Chief Legal Officer & Sec
Period of report
Mar 23, 2015
Accepted (ET)
Mar 25, 2015 · 12:26 pm EDT
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 | Mar 23, 2015 | M | 50,000 | $3.48 | A | 64,476 | D | |
| Common Stock | Mar 23, 2015 | S | 50,000 | $29.85 | D | 14,476 | D | |
| Common Stock | holding | — | — | — | 1,000 | I | By Spouse |
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 | Mar 23, 2015 | M | 50,000 | D | — | Jul 1, 2017 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 9, 2014.
- F2This option to purchase common stock vested in equal installments over five years beginning on the first anniversary of the grant date of July 2, 2009.