SEC Form 4 · accession 0001140361-15-045838
FREDS INC · FRED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joey Sturgeon
Officer — SVP Retail Pharmacy
Period of report
Dec 28, 2015
Accepted (ET)
Dec 29, 2015 · 5:10 pm EST
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 | $13.79 | Dec 28, 2015 | M | 1,000 | D | Dec 24, 2013 | Dec 24, 2017 | Class A Common Stock | 1,000 | 0 | D |
Explanation of responses
- F1Cashless exercise of 1,000 stock options. The options had an original expiration date of 12/24/2017, but the employee terminated service, changing the expiration date to 12/30/2015. 500 of the options became exercisable on 12/24/2013 and the other 500 became exercisable on 12/24/2014. The options had an exercise price of $13.79. 370 shares were sold for $16.20 and 630 shares were sold for $16.21 per share.