SEC Form 4 · accession 0001209191-16-102363
CROWN CRAFTS INC · CRWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth C. Cowart
Officer — Director, Information Systems
Period of report
Feb 24, 2016
Accepted (ET)
Feb 25, 2016 · 4:59 pm EST
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 | Feb 24, 2016 | M | 5,000 | $5.42 | A | 7,673 | D | |
| Common Stock | Feb 24, 2016 | M | 10,000 | $6.14 | A | 17,673 | D | |
| Common Stock | Feb 24, 2016 | F | 12,154 | $8.48 | D | 5,519 | D |
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 | $5.42 | Feb 24, 2016 | M | 5,000 | D | — | Jun 13, 2022 | Common Stock | 5,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F3,F4 | $6.14 | Feb 24, 2016 | M | 10,000 | D | — | Jun 14, 2023 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1This transaction represents the withholding of 12,154 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 each of June 13, 2012 and June 14, 2013.
- F2The options were granted on June 13, 2012 and vested as follows: (a) 5,000 shares on June 13, 2013, which were exercised on February 24, 2014; and (b) 5,000 shares on June 13, 2014.
- 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.