SEC Form 4 · accession 0000863157-15-000028

PETSMART INC · PETM

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

Reporting owner

Officer — VP Chief Accounting Officer

Period of report

Mar 11, 2015

Accepted (ET)

Mar 13, 2015 · 1:27 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000863157

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Mar 11, 2015	A	650	$0.00	A	650	D
Common Stock^F2	Mar 11, 2015	D	650	—	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (right to buy)^F4,F3	$67.63	Mar 11, 2015	D	1,730	D	—	Oct 5, 2021	Common Stock	1,730	0	D

F1Performance share units granted pursuant to the PetSmart 2011 Equity Incentive Plan on October 6, 2014. The performance period is three years with vesting after the completion of the performance period. This grant can be earned at 0% to 200%.
F2Includes performance share units granted under the 2011 Equity Incentive Plan, which would have vested on October 6, 2017. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 14, 2014, by and among Argos Holdings Inc., Argos Merger Sub Inc. and PetSmart, Inc., these performance share units were converted into the right to receive a cash payment of $83.00 per unit with a performance modifier of 150%.
F3Options granted pursuant to PetSmart, Inc. 2011 Equity Incentive Plan as amended. The option vests 25% per year for four years commencing one year after the vesting commencement date.
F4This stock option was fully vested and cancelled pursuant to the Merger Agreement in exchange for a cash payment equal to the product of (i) $83.00 less the exercise price per share of the option multiplied by (ii) the total number of shares underlying the option.