SEC Form 4 · accession 0001179110-17-012392
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Rubin
Officer — Chairman & CEO · Director
Period of report
Sep 14, 2017
Accepted (ET)
Sep 18, 2017 · 7:03 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 StockF1 | Sep 14, 2017 | M | 17,434 | — | A | 295,844 | D | |
| Common Stock | Sep 14, 2017 | F | 7,313 | $21.55 | D | 288,531 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Sep 14, 2017 | M | 17,434 | D | — | — | Common Stock | 17,434 | 52,301 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock without the payment of additional consideration.
- F2Withholding of common stock to satisfy reporting person's tax obligation upon the vesting of restricted stock units.
- F3On September 14, 2016, the reporting person was granted 69,735 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.