SEC Form 4 · accession 0000706688-15-000131
AARON'S INC · AAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James L Cates
Officer — Senior Group VP
Period of report
Mar 25, 2015
Accepted (ET)
Mar 26, 2015 · 12:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000706688
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 25, 2015 | M | 1,700 | $19.92 | A | 9,407 | D | |
| Common StockF1,F2 | Mar 25, 2015 | S | 1,700 | $29.0358 | D | 7,707 | D | |
| Common Stock | Mar 26, 2015 | M | 5,800 | $19.92 | A | 13,507 | D | |
| Common StockF2 | Mar 26, 2015 | S | 5,800 | $28.00 | D | 7,707 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $19.92 | Mar 25, 2015 | M | 1,700 | D | Feb 23, 2013 | Feb 23, 2020 | Common Stock | 1,700 | 5,800 | D |
| Stock Options (Right to Buy)F3 | $19.92 | Mar 26, 2015 | M | 5,800 | D | Feb 23, 2013 | Feb 23, 2020 | Common Stock | 5,800 | 0 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.00 to $29.06, inclusive. The reporting person undertakes to provide to Aaron's, Inc., any security holder of Aaron's, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2Included in the amount of securities beneficially owned following the transaction are 7,707 unvested restricted units.
- F3The option, representing a right to purchase a total of 11,250 shares, became exercisable in three equal annual installments beginning on February 23, 2013, which was the third anniversary of the date on which the option was granted.