SEC Form 4 · accession 0001733101-18-000002
LIFETIME BRANDS, INC · LCUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Bruce Kay
Officer — Chief Executive Officer · Director
Period of report
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 5:10 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted shares of common stockF1 | Mar 2, 2018 | A | 50,000 | $0.00 | A | 50,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchase shares of common stockF2 | $13.75 | Mar 2, 2018 | A | 150,000 | A | — | Mar 1, 2028 | Common Stock, par value $0.01 | 150,000 | 150,000 | D |
Explanation of responses
- F1The restricted shares awarded by Lifetime Brands, Inc. (the "Company") to the reporting person vest annually in equal installments on each of the first, second and third anniversaries of the date of grant, assuming continued employment of the reporting person by the Company.
- F2The options to purchase shares of common stock vest annually in equal installments on each of the first, second and third anniversaries of the date of grant, assuming continued employment of the reporting person by the Company.