SEC Form 4 · accession 0000899243-17-022421
TUESDAY MORNING CORP/DE · TUES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Becker
Officer — Chief Executive Officer · Director
Period of report
Sep 19, 2017
Accepted (ET)
Sep 21, 2017 · 4:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000878726
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 19, 2017 | A | 208,644 | $0.00 | A | 951,781 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F3,F2 | $2.45 | Sep 19, 2017 | A | 248,385 | A | — | Sep 19, 2027 | Common Stock | 248,385 | 248,385 | D |
| Non-Qualified Stock Option (Right to Buy)F4 | $6.71 | holding | — | — | — | — | Sep 1, 2026 | Common Stock | 248,385 | 248,385 | D |
| Non-Qualified Stock Option (Right to Buy)F5 | $5.64 | holding | — | — | — | — | Feb 2, 2026 | Common Stock | 295,508 | 295,508 | D |
| Non-Qualified Stock Option (Right to Buy)F6 | $4.22 | holding | — | — | — | — | Jul 1, 2022 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Represents performance-based restricted stock granted to Steven R. Becker on September 19, 2017 pursuant to the Tuesday Morning Corporation 2014 Long-Term Incentive Plan (the "2014 LTIP"). The performance-based restricted stock vests on the third anniversary of the date of the grant, subject to the satisfaction of certain performance criteria. Reflects the maximum number of shares that may vest.
- F2The option vests in equal annual installments over four years beginning on the first anniversary of the grant date.
- F3Granted to Mr. Becker on September 19, 2017 pursuant to the 2014 LTIP.
- F4The option vests in equal annual installments over four years beginning on the first anniversary of the grant date. The option was granted to Mr. Becker on September 1, 2016 pursuant to the 2014 LTIP.
- F5The option vests in equal annual installments over four years beginning on the first anniversary of the grant date. The option was granted to Mr. Becker on February 2, 2016 pursuant to the 2014 LTIP.
- F6The option is fully vested and currently exercisable, and was granted to Mr. Becker on July 1, 2012 pursuant to the Tuesday Morning Corporation 2004 Long-Term Equity Incentive Plan.