SEC Form 4 · accession 0001209191-15-060718
CROWN CRAFTS INC · CRWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Debra Dunne
Officer — VP Product Development
Period of report
Jul 10, 2015
Accepted (ET)
Jul 13, 2015 · 7:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000025895
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 10, 2015 | M | 5,000 | $5.42 | A | 38,718 | D | |
| Common Stock | Jul 10, 2015 | M | 10,000 | $6.14 | A | 48,718 | D | |
| Common Stock | Jul 10, 2015 | M | 7,500 | $7.90 | A | 56,218 | D | |
| Common Stock | Jul 10, 2015 | F | 19,887 | $8.05 | D | 36,331 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualifed Stock Option (Right to Buy)F3,F2 | $5.42 | Jul 10, 2015 | M | 5,000 | D | — | Jun 13, 2022 | Common Stock | 5,000 | 0 | D |
| Non-Qualifed Stock Option (Right to Buy)F3,F4 | $6.14 | Jul 10, 2015 | M | 10,000 | D | — | Jun 14, 2023 | Common Stock | 10,000 | 0 | D |
| Non-Qualifed Stock Option (Right to Buy)F3,F5 | $7.90 | Jul 10, 2015 | M | 7,500 | D | — | Jun 18, 2024 | Common Stock | 7,500 | 7,500 | D |
Explanation of responses
- F1This transaction represents the withholding of 19,887 shares of common stock to satisfy the exercise price and tax withholding obligations incurred by the Reporting Person upon the exercise of the options granted to the Reporting Person on June 13, 2012, June 14, 2013 and June 18, 2014.
- F2The options were granted on June 13, 2012 and vested as follows: (a) 5,000 shares on June 13, 2013; and (b) 5,000 shares on June 13, 2014. The additional 5,000 options granted on June 13, 2012, and exercisable on on June 13, 2013, were exercised on June 20, 2013.
- F3Derivative securities represent the grant of a stock option for services as an officer of the Issuer.
- F4The options were granted on June 14, 2013 and vested as follows: (a) 5,000 shares on June 14, 2014; and (b) 5,000 shares on June 14, 2015.
- F5The options were granted on June 18, 2014 and vest as follows: (a) 7,500 shares on June 18, 2015; and (b) 7,500 shares on June 18, 2016.