SEC Form 4 · accession 0000923401-17-000001
LIFETIME BRANDS, INC · LCUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Siegel
Officer — Chairman of the Board & CEO · Director
Period of report
Jan 12, 2017
Accepted (ET)
Jan 17, 2017 · 2:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000874396
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 12, 2017 | A | 10,000 | $0.00 | A | 1,015,654 | D | |
| Common Stock | Jan 13, 2017 | G | 14,828 | $0.00 | D | 1,000,826 | D | |
| Common Stock | holding | — | — | — | 1,010 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF3,F2 | $16.60 | Jan 12, 2017 | A | 75,000 | A | — | Jan 1, 2027 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1The restricted stock was granted pursuant to the Company's Amended and Restated 2000 Long-Term Incentive Plan in accordance with the reporting person's employment agreement. The restrictions on 3,333 restricted shares shall terminate on each of December 31, 2017 and December 31, 2018 and the restrictions on 3,334 restricted shares shall terminate on December 31, 2019.
- F2The option shall vest and become exercisable as to 25,000 shares on each of December 31, 2017, December 31, 2018 and December 31, 2019.
- F3Field intentionally left blank in accordance with the instructions to Form 4.