SEC Form 4 · accession 0000936783-15-000005
LIFETIME BRANDS, INC · LCUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig Phillips
Director
Period of report
Mar 18, 2015
Accepted (ET)
Mar 20, 2015 · 1:07 pm EDT
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 Stock | Mar 18, 2015 | M | 5,000 | $4.60 | A | 661,326 | D | |
| Common Stock | Mar 18, 2015 | S | 5,000 | $14.495 | D | 656,326 | D | |
| Common Stock | Mar 18, 2015 | M | 3,750 | $10.79 | A | 660,076 | D | |
| Common Stock | Mar 18, 2015 | S | 3,750 | $14.495 | D | 656,326 | D | |
| Common Stock | Mar 18, 2015 | M | 3,750 | $11.64 | A | 660,076 | D | |
| Common Stock | Mar 18, 2015 | S | 3,750 | $14.495 | D | 656,326 | D | |
| Common Stock | Mar 18, 2015 | M | 2,000 | $12.79 | A | 658,326 | D | |
| Common Stock | Mar 18, 2015 | S | 2,000 | $14.495 | D | 656,326 | D | |
| Common Stock | Mar 18, 2015 | M | 5,220 | $13.27 | A | 661,546 | D | |
| Common Stock | Mar 18, 2015 | S | 5,220 | $14.495 | D | 656,326 | D | |
| Common Stock | Mar 19, 2015 | M | 2,280 | $13.27 | A | 658,606 | D | |
| Common Stock | Mar 19, 2015 | S | 2,280 | $14.508 | D | 656,326 | D | |
| Common StockF1 | holding | — | — | — | 28,278 | I | Trust |
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)F2 | $4.60 | Mar 18, 2015 | M | 5,000 | D | — | Nov 9, 2018 | Common Stock | 5,000 | 0 | D |
| Employee Stock Option (Right to buy)F3 | $10.79 | Mar 18, 2015 | M | 3,750 | D | — | Jun 15, 2021 | Common Stock | 3,750 | 0 | D |
| Employee Stock Option (Right to buy)F4 | $11.64 | Mar 18, 2015 | M | 3,750 | D | — | Apr 30, 2022 | Common Stock | 3,750 | 0 | D |
| Employee Stock Option (Right to buy)F5 | $12.79 | Mar 18, 2015 | M | 2,000 | D | — | May 6, 2023 | Common Stock | 2,000 | 0 | D |
| Employee Stock Option (Right to buy)F6 | $13.27 | Mar 18, 2015 | M | 5,220 | D | — | May 6, 2020 | Common Stock | 5,220 | 2,280 | D |
| Employee Stock Option (Right to buy)F6 | $13.27 | Mar 19, 2015 | M | 2,280 | D | — | May 6, 2020 | Common Stock | 2,280 | 0 | D |
Explanation of responses
- F1Shares are held in an irrevocable trust of which Craig Phillips is a beneficiary. Prior Forms 4 inadvertently identified the reporting person as the sole beneficiary of such trust.
- F2The options vested and became exercisable in four equal installments on each of November 10, 2009, 2010, 2011 and 2012.
- F3The options vested and became exercisable in three equal installments on each of June 16, 2012, 2013, and 2014. The remainder of the unvested options included within such award terminated upon Craig Phillips' resignation as an employee.
- F4The options vested and became exercisable in two equal installments on each of May 1, 2013 and 2014. The remainder of the unvested options included within such award terminated upon Craig Phillips' resignation as an employee.
- F5The options vested and became exercisable in one installment on May 7, 2014. The remainder of the unvested options included within such award terminated upon Craig Phillips' resignation as an employee.
- F6The options are part of a grant of 7,500 options, which vested and became exercisable in four equal installments on each of May 7, 2011, 2012, 2013 and 2014.