SEC Form 4 · accession 0001179110-16-023780
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore J. Bachmeier
Officer — EVP - Store Operations
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 5:29 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 | May 2, 2016 | M | 40,000 | $6.23 | A | 72,005 | D | |
| Common Stock | May 2, 2016 | S | 40,000 | $29.00 | D | 32,005 | 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 | $6.23 | May 2, 2016 | M | 40,000 | D | — | Jan 27, 2019 | Common Stock | 40,000 | 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 30, 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 January 28, 2011.