SEC Form 4 · accession 0000706688-19-000041
AARON'S INC · AAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curtis Linn Doman
Officer — CPO Progressive Leasing · Director
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 9:48 pm EST
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 StockF1,F2 | Feb 21, 2019 | A | 15,075 | $54.18 | A | 132,598 | D | |
| Common StockF3 | Feb 21, 2019 | A | 6,600 | $54.18 | A | 139,198 | D | |
| Common StockF2 | holding | — | — | — | 72,000 | I | LLC |
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)F4 | $54.18 | Feb 21, 2019 | A | 18,360 | A | Mar 7, 2020 | Feb 21, 2029 | Common Stock | 18,360 | 18,360 | D |
Explanation of responses
- F1On February 21, 2019, the Compensation Committee of the Issuer's Board of Directors determined these performance shares were earned, based on the level of attainment of various financial performance goals. These shares, which were granted in March 2018, are expected to vest in three equal increments on each of March 7, 2019, 2020 and 2021, subject to the grant agreement between the Issuer and the Reporting Person.
- F2The reporting person reported sales of an aggregate of 55,000 shares during the period from May 2, 2018 through November 6, 2018 pursuant to Rule 10b5-1 trading plans adopted by the reporting person. These shares were incorrectly reported as being sold from the reporting person's direct holdings rather than the reporting person's indirect holdings. As a result, this Form 4 updates the reporting person's direct and indirect holdings to accurately reflect the sale of shares from the reporting person's indirect holdings.
- F3Restricted stock award which is expected to vest in three equal increments on each of March 7, 2020, 2021 and 2022, subject to the grant agreement between the Issuer and the Reporting Person.
- F4Stock option award is expected to vest in three equal increments on each of March 7, 2020, 2021 and 2022, subject to the grant agreement between the Issuer and the Reporting Person.