SEC Form 4 · accession 0001179110-16-022039
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles M Sonsteby
Officer — CAO and CFO
Period of report
Mar 17, 2016
Accepted (ET)
Mar 21, 2016 · 8:37 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 17, 2016 | M | 65,566 | $6.23 | A | 167,083 | D | |
| Common Stock | Mar 17, 2016 | M | 27,688 | $6.55 | A | 194,771 | D | |
| Common Stock | Mar 18, 2016 | M | 92,312 | $6.55 | A | 287,083 | D | |
| Common Stock | Mar 17, 2016 | S | 65,566 | $26.80 | D | 221,517 | D | |
| Common Stock | Mar 17, 2016 | S | 27,688 | $27.50 | D | 193,829 | D | |
| Common Stock | Mar 18, 2016 | S | 92,312 | $27.50 | D | 101,517 | 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)F1 | $6.23 | Mar 17, 2016 | M | 65,566 | D | — | Jan 4, 2019 | Common Stock | 65,566 | 0 | D |
| Employee Stock Option (right to buy)F1 | $6.55 | Mar 17, 2016 | M | 27,688 | D | — | Jan 4, 2019 | Common Stock | 27,688 | 0 | D |
| Employee Stock Option (right to buy)F1 | $6.55 | Mar 18, 2016 | M | 92,312 | D | — | Jan 4, 2019 | Common Stock | 92,312 | 0 | D |
Explanation of responses
- F1This option to purchase common stock vested in equal installments annually over five years beginning on the first anniversary of the grant date of January 5, 2011.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 30, 2015.