SEC Form 4 · accession 0000006885-17-000065
STAGE STORES INC · SSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russ Lundy II
Officer — EVP, Chief Stores Officer
Period of report
Mar 24, 2017
Accepted (ET)
Mar 28, 2017 · 7:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000006885
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 24, 2017 | F | 2,271 | $1.98 | D | 92,757 | D | |
| Common Stock | Mar 26, 2017 | F | 585 | $1.98 | D | 92,172 | D | |
| Common StockF1 | Mar 24, 2017 | F | 111 | $1.98 | D | 2,268 | I | By Spouse |
| Common StockF1 | Mar 26, 2017 | F | 34 | $1.98 | D | 2,234 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | Mar 28, 2017 | A | 60,000 | A | — | — | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F2Each restricted stock unit (RSU) represents the right to receive, at settlement, cash equal to the fair market value of one share of the Issuer's common stock on the vesting date. Upon vesting, each cash settlement shall not exceed five times the per share fair market value of the Issuer's common stock on the grant date multiplied by the number of RSUs vesting.
- F3The restricted stock units vest 25% per year on the first four anniversary dates from the date of grant.