SEC Form 4 · accession 0001286699-15-000002
LIFETIME BRANDS, INC · LCUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry Sklute
Officer — EVP & Chair. Of Kitchenware
Period of report
Jun 2, 2015
Accepted (ET)
Jun 4, 2015 · 3:45 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 | Jun 2, 2015 | M | 2,500 | $4.60 | A | 37,415 | D | |
| Common Stock | Jun 2, 2015 | S | 2,500 | $14.6003 | D | 34,915 | D | |
| Common Stock | Jun 2, 2015 | M | 2,500 | $2.19 | A | 37,415 | D | |
| Common Stock | Jun 2, 2015 | S | 2,500 | $14.6003 | D | 34,915 | D |
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 | $4.60 | Jun 2, 2015 | M | 2,500 | D | — | Nov 9, 2018 | Common Stock | 2,500 | 2,500 | D |
| Employee Stock Option (Right to buy)F2 | $2.19 | Jun 2, 2015 | M | 2,500 | D | — | Apr 2, 2019 | Common Stock | 2,500 | 37,500 | D |
Explanation of responses
- F1(1) The options are part of a grant of 5,000 options, which vested and became exercisable in four equal installments on each of November 10, 2009, 2010, 2011 and 2012.
- F2(2) The options are part of a grant of 40,000 options, which vested and became exercisable in four equal installments on each of April 3, 2010, 2011, 2012 and 2013.