SEC Form 4 · accession 0001179110-18-005322
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jim Sullivan
Officer — SVP - CAO & Controller
Period of report
Mar 31, 2018
Accepted (ET)
Apr 3, 2018 · 6:36 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 | Mar 31, 2018 | M | 1,870 | — | A | 14,043 | D | |
| Common Stock | Apr 2, 2018 | F | 455 | $19.56 | D | 13,588 | 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 | — | Mar 31, 2018 | M | 1,870 | D | — | — | Common Stock | 1,870 | 5,611 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Withholding of common stock to satisfy reporting person's tax obligation upon the vesting of restricted stock units.
- F3On March 31, 2017, the reporting person was granted 7,481 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.