SEC Form 4 · accession 0001140361-15-014249
FREDS INC · FRED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce A Efird
Officer — former CEO
Period of report
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 9:07 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000724571
Table I — non-derivative securities
No Table I lines on this filing.
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 StockF1 | $9.59 | Apr 1, 2015 | S | 6,800 | D | Mar 9, 2010 | Mar 9, 2016 | Class A Common Stock | 6,800 | 275,000 | D |
| Options on Class A Common StockF2 | $13.02 | Apr 1, 2015 | S | 2,703 | D | Mar 21, 2012 | Apr 21, 2016 | Class A Common Stock | 2,703 | 272,297 | D |
Explanation of responses
- F1Cashless exercise of 6,800 options with strike price of $9.59 for an average sales price of $17.00. Sales prices ranged from $17.00 to $17.13. The options were granted on 3/9/2009 and vested ratably over a five year period.
- F2Cashless exercise of 2,703 options with strike price of $13.02 for an average sales price of $17.00. Sales prices ranged from $17.00 to $17.13. The options were granted on 3/21/2011 and vested ratably over a three year period.