SEC Form 4 · accession 0001144204-16-088507
Sequential Brands Group, Inc. · SQBG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Klein
Officer — Chief Financial Officer
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 4:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001648428
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 14, 2016 | A | 36,000 | $0.00 | A | 115,100 | D | |
| Common StockF2,F3 | Mar 14, 2016 | F | 18,126 | $7.00 | A | 96,974 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represent performance stock units granted under the Sequential Brands Group Inc. 2013 Stock Incentive Plan (the "PSUs"). The vesting of the PSUs was subject to certain performance targets not tied to the market price of the Company's shares and discretionary approval by the Compensation Committee. The Compensation Committee approved the vesting of the PSUs, for performance metrics achieved and on a discretionary basis, pending the confirmation of Sequential Brands Group, Inc. results through the filing of the Company's 2015 Annual Report on Form 10-K which occurred on March 14, 2016.
- F2The shares reported in column 4 represent shares withheld solely for tax purposes in connection with vesting of the PSUs.
- F3Closing market price of the common stock of the Company on the transaction date.