SEC Form 4 · accession 0000844143-17-000001

Centric Brands Inc. · CTRC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Dec 31, 2016

Accepted (ET)

Jan 4, 2017 · 7:06 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000844143

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, par value $0.10 per share^F1	Dec 31, 2016	M	144,588	—	A	613,736	D
Common Stock, par value $0.10 per share^F2	Dec 31, 2016	F	54,336	$2.70	D	559,400	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F1	—	Dec 31, 2016	M	144,588	D	Dec 31, 2016	Dec 31, 2016	Common Stock, par value $0.10 per share	144,588	289,176	D

F1The reporting person previously received a grant of shares of Restricted Stock Units ("RSUs") that represented a contingent right to receive one share of the Company's common stock pursuant to the Differential Brands Group Inc. 2016 Stock Incentive Plan (the "Plan") and previously reported on Table II of a Form 3. These RSUs vested in accordance with the terms of the applicable RSU agreement and the Plan.
F2In accordance with the terms and conditions of the RSU agreement, and as permitted under the Plan, 1/3 of the shares vested and the Company withheld an equivalent amount of RSUs at fair market value to pay the minimum tax withholding requirements for the reporting person. There was no open market sale of common stock by the reporting person.
F3The remaining RSUs will vest on December 31, 2017 and December 31, 2018, subject to Mr. Buckley's continued employment through the applicable vesting dates.