SEC Form 4 · accession 0001179110-18-011500
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Jon Carlotti
Officer — EVP - Marketing
Period of report
Sep 14, 2018
Accepted (ET)
Sep 18, 2018 · 4:23 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, 2018 | M | 1,918 | — | A | 43,697 | D | |
| Common Stock | Sep 14, 2018 | F | 467 | $17.26 | D | 43,230 | 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, 2018 | M | 1,918 | D | — | — | Common Stock | 1,918 | 3,835 | 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 7,671 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.