SEC Form 4 · accession 0000006885-18-000141
STAGE STORES INC · SSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chadwick P Reynolds
Officer — EVP, CLO and Secretary
Period of report
Apr 10, 2018
Accepted (ET)
Apr 12, 2018 · 4:12 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 | Apr 10, 2018 | M | 7,500 | $0.00 | A | 35,001 | D | |
| Common Stock | Apr 10, 2018 | D | 7,500 | $2.80 | D | 27,501 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 Restricted Stock Unit - 4/10/2017F2,F3,F4 | — | Apr 10, 2018 | M | 7,500 | D | — | — | Common Stock | 7,500 | 22,500 | D |
Explanation of responses
- F1Represents the vesting and cash settlement of restricted stock units ("RSU") in accordance with the terms of the award agreement granted on April 10, 2017.
- F2Each 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 RSUs vest 25% per year on the first four anniversary dates from the grant date of April 10, 2017.
- F4Represents the portion of the cash-settled RSUs granted on April 10, 2017 that vested on April 10, 2018.