SEC Form 4 · accession 0001437749-18-012294
EVINE Live Inc. · EVLV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicole Ostoya
Officer — Executive VP/CMO
Period of report
Jun 13, 2018
Accepted (ET)
Jun 22, 2018 · 4:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000870826
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $1.00 | Jun 13, 2018 | A | 225,687 | A | — | Mar 26, 2028 | Common Stock | 225,687 | 225,687 | D |
| Peformance RightsF1,F3 | — | Jun 13, 2018 | A | 129,303 | A | — | Mar 15, 2022 | Common Stock | 129,303 | 129,303 | D |
Explanation of responses
- F1This award was approved by the Human Resources and Compensation Committee of EVINE Live's Board of Directors on March 22, 2018, subject to shareholder approval of an amendment to the EVINE Live Inc. 2011 Omnibus Incentive Plan ("Plan") under which the award was granted. EVINE Live's shareholders approved the Plan amendment on June 13, 2018.
- F2Options vest as to one-third of the shares on each of the first three anniversaries of the date of grant, March 26, 2018.
- F3Each performance right represents a contingent right to receive one share of common stock. The performance rights vest based upon the issuer's total stockholder return.