SEC Form 4 · accession 0000844143-17-000005

Centric Brands Inc. · CTRC

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

Reporting owner

Officer — CEO, Hudson Clothing LLC

Period of report

Jan 28, 2017

Accepted (ET)

Jan 31, 2017 · 7:03 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	Jan 28, 2017	M	55,555	—	A	473,579	D
Common Stock, par value $0.10 per share^F2	Jan 28, 2017	F	21,992	$2.55	D	451,587	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F1	—	Jan 28, 2017	M	55,555	D	Jan 28, 2017	Jan 28, 2017	Common Stock, par value $0.10 per share	55,555	111,112	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 4. 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 the common stock by the reporting person.
F3The remaining RSUs will vest on January 28, 2018 and January 28, 2019, subject to Mr. Kim's continued employment through the applicable vesting dates.