SEC Form 4 · accession 0000794367-16-000209
Macy's, Inc. · M
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry J Lundgren
Officer — Chairman and CEO · Director
Period of report
Mar 23, 2016
Accepted (ET)
Mar 24, 2016 · 4:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000794367
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 23, 2016 | M | 177,352 | $36.26 | A | 336,270 | D | |
| Common StockF1 | Mar 23, 2016 | S | 177,352 | $43.478 | D | 158,918 | D | |
| Common StockF2 | holding | — | — | — | 283,224 | I | By GRATS | |
| Common StockF3 | holding | — | — | — | 2,463 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common Stock | $36.26 | Mar 23, 2016 | M | 177,352 | D | Mar 24, 2007 | Mar 24, 2016 | Common Stock | 177,352 | 0 | D |
| Option to Purchase Common StockF4 | $43.42 | Mar 23, 2016 | A | 324,675 | A | — | Mar 23, 2026 | Common Stock | 324,675 | 324,675 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $42.92 to $43.82, inclusive. The reporting person undertakes to provide Macy's, Inc., any security holder of Macy'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 this footnote.
- F2These shares were previously reported as directly beneficially owned, but 156,930 shares were contributed to a grantor retained annuity trust (GRAT) on March 26, 2015 and 126,294 shares were transferred to a GRAT on November 13, 2015.
- F3Reflects the reporting person's interest in Macy's stock under the Issuer's 401(k) plan, derived by dividing the value of the undivided interest of the reporting person in the applicable investment fund as of March 23, 2016 by $43.42, the stock price of such date.
- F4Grant to reporting person of options to purchase 324,675 shares of common stock under the Issuer's 2009 Omnibus Incentive Compensation Plan. The options become exercisable in 25% increments on March 23, 2017, March 23, 2018, March 23, 2019 and March 23, 2020.