SEC Form 4 · accession 0001209191-15-074963
CROWN CRAFTS INC · CRWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nanci Freeman
Officer — Pres & CEO/Infant Products Div
Period of report
Oct 7, 2015
Accepted (ET)
Oct 9, 2015 · 1:43 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 | Oct 7, 2015 | M | 5,000 | $4.81 | A | 23,367 | I | By spouse |
| Common Stock | Oct 7, 2015 | M | 10,000 | $5.42 | A | 33,367 | I | By spouse |
| Common Stock | Oct 7, 2015 | M | 10,000 | $6.14 | A | 43,367 | I | By spouse |
| Common Stock | Oct 7, 2015 | M | 7,500 | $7.90 | A | 50,867 | I | By spouse |
| Common Stock | Oct 7, 2015 | F | 27,320 | $8.21 | D | 23,547 | I | By spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F3,F2 | $4.81 | Oct 7, 2015 | M | 5,000 | D | — | Jun 10, 2021 | Common Stock | 5,000 | 0 | I |
| Non-Qualified Stock Option (Right to Buy)F3,F4 | $5.42 | Oct 7, 2015 | M | 10,000 | D | — | Jun 13, 2022 | Common Stock | 10,000 | 0 | I |
| Non-Qualified Stock Option (Right to Buy)F3,F5 | $6.14 | Oct 7, 2015 | M | 10,000 | D | — | Jun 14, 2023 | Common Stock | 10,000 | 0 | I |
| Non-Qualified Stock Option (Right to Buy)F3,F6 | $7.90 | Oct 7, 2015 | M | 7,500 | D | — | Jun 18, 2024 | Common Stock | 7,500 | 7,500 | I |
Explanation of responses
- F1This transaction represents the withholding of 27,320 shares of common stock to satisfy the exercise price and tax withholding obligations incurred by the spouse of the Reporting Person upon the exercise of the options granted to the spouse of the Reporting Person on June 10, 2011, June 13, 2012, June 14, 2013 and June 18, 2014.
- F2The options were granted on June 10, 2011 and vested on June 10, 2013.
- F3Derivative securities represent the grant of a stock option for services rendered as an employee of the Issuer.
- F4The options were granted on June 13, 2012 and vested as follows: (a) 5,000 shares vested on June 13, 2013; and (b) 5,000 shares vested on June 13, 2014.
- F5The options were granted on June 14, 2013 and vested as follows: (a) 5,000 shares vested on June 14, 2014; and (b) 5,000 shares vested on June 14, 2015.
- F6The options were granted on June 18, 2014 and vest as follows: (a) 7,500 shares vested on June 18, 2015; and (b) 7,500 shares will vest on June 18, 2016.