SEC Form 4 · accession 0000899243-17-007823
J.Jill, Inc. · JILL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Paula Bennett
Officer — See Remarks · Director
Period of report
Mar 14, 2017
Accepted (ET)
Mar 16, 2017 · 6:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001687932
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 14, 2017 | J | 9,811 | — | A | 9,811 | D | |
| Common StockF2,F3 | Mar 14, 2017 | J | 820,347 | — | A | 830,158 | I | See Footnote |
| Common StockF4,F5 | Mar 14, 2017 | J | 1,294,549 | — | A | 2,124,707 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects shares of common stock, par value $0.01 per share ("Common Stock"), of J.Jill, Inc. received by Ms. Bennett, as a limited partner of JJill Topco Holdings, LP ("Topco"), in a pro rata distribution of Common Stock by Topco to its partners.
- F2Reflects shares of Common Stock received by the Paula L. Bennett Grantor Retained Annuity Trust (the "GRAT"), as a limited partner of Topco, in a pro rata distribution of Common Stock by Topco to its partners.
- F3Reflects shares of Common Stock held by the GRAT. BNY Mellon Trust of Delaware is the trustee of the GRAT. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the inclusion of Common Stock held by the GRAT in this filing shall not be deemed an admission that Ms. Bennett is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of such Common Stock.
- F4Reflects shares of Common Stock received by the Paula L. Bennett 2015 Family Trust (the "Family Trust"), as a limited partner of Topco, in a pro rata distribution of Common Stock by Topco to its partners. Of these shares of Common Stock, 884,600 shares are subject to vesting in equal monthly installments through May 8, 2020.
- F5Reflects shares of Common Stock held by the Family Trust. BNY Mellon Trust of Delaware is the trustee of the Family Trust. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, the inclusion of Common Stock held by the Family Trust in this filing shall not be deemed an admission that Ms. Bennett is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of such Common Stock.
Remarks
President and Chief Executive Officer