SEC Form 4 · accession 0001469326-16-000008
LIFETIME BRANDS, INC · LCUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Siegel
Officer — President
Period of report
Dec 8, 2016
Accepted (ET)
Dec 9, 2016 · 2:31 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 Stock | Dec 8, 2016 | M | 3,750 | $10.79 | A | 331,907 | D | |
| Common Stock | Dec 8, 2016 | M | 5,000 | $11.64 | A | 336,907 | D | |
| Common StockF1 | Dec 8, 2016 | S | 8,750 | $17.242 | D | 328,157 | D | |
| Common Stock | holding | — | — | — | 1,500 | I | Spouse | |
| Common StockF2 | holding | — | — | — | 1,500 | I | Custodian | |
| Common StockF3 | holding | — | — | — | 1,500 | I | Custodian | |
| Common StockF4 | holding | — | — | — | 6,000 | I | Trustee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF5 | $10.79 | Dec 8, 2016 | M | 3,750 | D | — | Jun 15, 2021 | Common Stock | 3,750 | 0 | D |
| Employee Stock OptionF6 | $11.64 | Dec 8, 2016 | M | 5,000 | D | — | Apr 30, 2022 | Common Stock | 5,000 | 10,000 | D |
Explanation of responses
- F1The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.05 to $17.40 per share. Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2Uniform Transfer to Minors Act Custodian for Child 1
- F3Uniform Transfer to Minors Act Custodian for Child 2
- F4Reporting person is trustee for a trust for the benefit of Katherine & Juliana Wells.
- F5The options vested and became exercisable in four equal installments on each of June 16, 2012, 2013, 2014 and 2015.
- F6The options vested and became exercisable in four equal installments on each of May 1, 2013, 2014, 2015 and 2016.