SEC Form 4 · accession 0000006885-18-000230
STAGE STORES INC · SSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Williams Jr.
Officer — EVP, CIO
Period of report
Jun 26, 2018
Accepted (ET)
Jun 27, 2018 · 6:15 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 | Jun 26, 2018 | M | 30,000 | $0.00 | A | 30,000 | D | |
| Common Stock | Jun 26, 2018 | D | 30,000 | $2.36 | D | 0 | 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 - 6/26/2017F2,F3,F4 | — | Jun 26, 2018 | M | 30,000 | D | — | — | Common Stock | 30,000 | 90,000 | 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 June 26, 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 June 26, 2017.
- F4Represents the portion of the cash-settled RSUs granted on June 26, 2017 that vested on June 26, 2018.