SEC Form 4 · accession 0001179110-18-011328
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denise Paulonis
Officer — EVP - Chief Financial Officer
Period of report
Sep 10, 2018
Accepted (ET)
Sep 12, 2018 · 3:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001593936
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | — | Sep 10, 2018 | A | 86,306 | A | — | — | Common Stock | 86,306 | 86,306 | D |
| Restricted Stock UnitsF1,F3 | — | Sep 10, 2018 | A | 57,537 | A | — | — | Common Stock | 57,537 | 57,537 | 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
- F2On September 10, 2018, the reporting person was granted 86,306 restricted stock units vesting in 3 installments; 20% on the second anniversary, 20% on the third anniversary and 60% on the fourth anniversary.
- F3On September 10, 2018, the reporting person was granted 57,537 restricted stock units, vesting upon satisfaction of certain performance criteria.