SEC Form 4 · accession 0001209191-16-143599
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
Sep 29, 2016
Accepted (ET)
Oct 3, 2016 · 4:19 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 | Sep 29, 2016 | M | 15,000 | $7.90 | A | 20,519 | D | |
| Common Stock | Sep 29, 2016 | F | 12,760 | $10.1275 | D | 7,759 | 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 | $7.90 | Sep 29, 2016 | M | 15,000 | D | — | Jun 18, 2024 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1This transaction represents the withholding of 12,760 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 18, 2014.
- F2The options were granted on June 18, 2014 and vested as follows: (a) 7,500 shares on June 18, 2015; and (b) 7,500 shares on June 18, 2016.
- F3Derivative securities represent the grant of a stock option for services as an officer of the Issuer.