SEC Form 4 · accession 0001213900-19-001664
Lovesac Co · LOVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donna Dellomo
Officer — Executive VP and CFO
Period of report
Jan 31, 2019
Accepted (ET)
Feb 4, 2019 · 9:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001701758
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.00001 par value | Jan 31, 2019 | M | 6,000 | $0.00 | A | 29,908 | D | |
| Common Stock, $0.00001 par value | Jan 31, 2019 | M | 2,834 | $0.00 | A | 32,292 | 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 | $0.00 | Jan 31, 2019 | M | 6,000 | D | — | — | Common Stock, $0.00001 par value | 6,000 | 30,000 | D |
| Restricted Stock UnitsF2 | $0.00 | Jan 31, 2019 | M | 2,834 | D | — | — | Common Stock, $0.00001 par value | 2,834 | 14,170 | D |
Explanation of responses
- F1As previously reported, on October 26, 2017 the reporting person was granted 48,000 RSUs of which 50% are time vesting and 50% are performance based. The time vesting restricted stock units vested 25% on January 31, 2018 and January 31, 2019, and vest 25% on each of January 31, 2020 and 2021. The 18,000 remaining performance vesting units vest 25% annually upon the achievement of certain benchmarks.
- F2As previously reported, on May 10, 2018 the reporting person was granted 22,672 RSUs of which 50% are time vesting and 50% are performance based. The time vesting restricted stock units vested 25% at the closing of the issuer's IPO, and vest 25% on January 31, 2019, 2020 and 2021. The performance vesting units vest 25% annually upon the achievement of certain benchmarks.