SEC Form 4 · accession 0001144204-18-056531

Centric Brands Inc. · CTRC

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

Reporting owner

Director

Period of report

Oct 29, 2018

Accepted (ET)

Oct 31, 2018 · 5:39 pm EDT

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	Oct 29, 2018	M	12,886	$0.00	A	89,090	D
Common Stock, par value $0.10 per share^F2	Oct 29, 2018	A	50,000	$0.00	A	139,090	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1	—	Oct 29, 2018	M	12,886	D	Oct 29, 2018	Oct 29, 2018	Common Stock, par value $0.10	12,886	0	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, as amended, (the "Plan") and previously reported on Table II of a Form 4. In connection with the completed acquisition (the "Transaction") of a significant portion of Global Brands Group Holding Limited's ("GBG") North American licensing business (the "Acquired Business"), the Company's Compensation and Stock Incentive Committee of the Board of Directors ("Compensation Committee") accelerated the vesting of the remaining 12,886 RSUs scheduled to vest on 12/31/18.
F2In connection with Mr. McLallen's role in the Transaction, the Company's Compensation Committee granted the reporting person a one time grant of RSUs pursuant to the Plan that were immediately vested.