SEC Form 4 · accession 0001179110-15-006626
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philo Pappas
Officer — EVP-Merchandising
Period of report
Mar 31, 2015
Accepted (ET)
Apr 27, 2015 · 5:37 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 31, 2015 | F | 10,319 | $27.06 | D | 181,845 | D | |
| Common Stock | Apr 23, 2015 | M | 93,296 | $7.22 | A | 275,141 | D | |
| Common Stock | Apr 23, 2015 | S | 93,296 | $27.23 | D | 181,845 | D | |
| Common Stock | Apr 24, 2015 | M | 13,855 | $7.22 | A | 195,700 | D | |
| Common Stock | Apr 24, 2015 | S | 13,855 | $27.30 | D | 181,845 | 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)F3 | $7.22 | Apr 23, 2015 | M | 93,296 | D | — | Jul 1, 2017 | Common Stock | 93,296 | 0 | D |
| Employee Stock Option (right to buy)F3 | $7.22 | Apr 24, 2015 | M | 13,855 | D | — | Jul 1, 2017 | Common Stock | 13,855 | 0 | D |
Explanation of responses
- F1Withholding of restricted stock to satisfy reporting person's tax obligation upon the restriction lapse of a restricted stock award.
- F2The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on January 21, 2015..
- F3This 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.