SEC Form 5 · accession 0001733101-19-000001
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
Dec 31, 2018
Accepted (ET)
Feb 13, 2019 · 5:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000874396
Table I — non-derivative securities
No Table I lines on this filing.
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 | Dec 10, 2018 | G | 128,184 | D | — | Mar 1, 2028 | Common Stock, par value $0.01 per share | 128,184 | 21,816 | D |
| Options to purchase shares of common stockF3,F2 | $13.75 | Dec 10, 2018 | G | 128,184 | A | — | Mar 1, 2028 | Common Stock, par value $0.01 per share | 128,184 | 128,184 | I |
Explanation of responses
- F1The options to purchase shares of common stock were transferred to an irrevocable family trust for which the reporting person's spouse is a trustee.
- 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.
- F3The reporting person disclaims beneficial ownership of all securities held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.