SEC Form 4 · accession 0001140361-15-003097
FREDS INC · FRED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sherri Brown
Officer — EVP
Period of report
Nov 1, 2014
Accepted (ET)
Jan 29, 2015 · 12:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000724571
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Nov 1, 2014 | J | 11,600 | $0.00 | A | 14,806 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options on Class A Common StockF2 | $15.69 | Nov 1, 2014 | J | 16,000 | A | Nov 1, 2015 | Nov 1, 2021 | Class A Common Stock | 16,000 | 16,000 | D |
Explanation of responses
- F1Sherri Tagg (formerly Brown) granted 11,600 shares restricted stock upon promotion to EVP & CAO. 5,000 shares vest in 1/3 increments based upon achievment of performance metrics, or after 10 years. 6,600 shares vest pro rata over a 3 year service period.
- F2Granted 16,000 options which vest ratably over five year service period, with initial lapse to occur 11/1/2015.