SEC Form 4 · accession 0001179110-16-022258
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Veitenheimer
Officer — EVP - General Counsel & Sec
Period of report
Mar 24, 2016
Accepted (ET)
Mar 28, 2016 · 5:43 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 24, 2016 | M | 10,335 | $7.28 | A | 32,748 | D | |
| Common Stock | Mar 24, 2016 | M | 28,306 | $11.34 | A | 61,054 | D | |
| Common Stock | Mar 24, 2016 | F | 21,704 | $26.31 | D | 39,350 | 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 | $7.28 | Mar 24, 2016 | M | 10,335 | D | — | Mar 25, 2018 | Common Stock | 10,335 | 0 | D |
| Employee Stock Option (right to buy)F2 | $11.34 | Mar 24, 2016 | M | 28,306 | D | — | Mar 25, 2018 | Common Stock | 28,306 | 0 | D |
Explanation of responses
- F1Forfeiture of stock to satisfy reporting person's exercise price and tax obligation in connection with the exercise of stock options on March 24, 2016.
- F2The option vested in five equal installments beginning March 26, 2009.