SEC Form 4 · accession 0001179110-16-023371
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
Apr 25, 2016
Accepted (ET)
Apr 27, 2016 · 6:41 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 | Apr 25, 2016 | M | 81,390 | $11.31 | A | 248,820 | D | |
| Common Stock | Apr 25, 2016 | M | 9,312 | $7.22 | A | 258,132 | D | |
| Common Stock | Apr 25, 2016 | M | 9,312 | $11.31 | A | 267,444 | D | |
| Common Stock | Apr 25, 2016 | S | 100,014 | $28.47 | D | 167,430 | D | |
| Common Stock | Apr 25, 2016 | S | 17,283 | $28.47 | D | 150,147 | D | |
| Common Stock | Apr 26, 2016 | M | 75,581 | $11.31 | A | 225,728 | D | |
| Common Stock | Apr 26, 2016 | S | 75,581 | $28.60 | D | 150,147 | 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 | $11.31 | Apr 25, 2016 | M | 81,390 | D | — | Jul 1, 2017 | Common Stock | 81,390 | 0 | D |
| Employee Stock Option (right to buy)F3 | $7.22 | Apr 25, 2016 | M | 9,312 | D | — | Apr 16, 2017 | Common Stock | 9,312 | 0 | D |
| Employee Stock Option (right to buy)F3 | $11.31 | Apr 25, 2016 | M | 9,312 | D | — | Apr 16, 2017 | Common Stock | 9,312 | 0 | D |
| Employee Stock Option (right to buy)F2 | $11.31 | Apr 26, 2016 | M | 75,581 | D | — | Jul 1, 2017 | Common Stock | 75,581 | 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 March 24, 2016.
- 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.
- F3This option to purchase common stock vested in equal installments annually over five years beginning on the first anniversary of the grant date of April 17, 2009.