SEC Form 4 · accession 0001104659-16-130808
TUESDAY MORNING CORP/DE · TUES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Montalto
Other
Period of report
Jun 30, 2016
Accepted (ET)
Jul 1, 2016 · 4:05 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 | Jun 30, 2016 | F | 2,313 | $7.03 | D | 53,199 | D | |
| Common StockF2 | Jun 30, 2016 | D | 29,699 | $0.00 | D | 23,500 | D | |
| Common Stock | holding | — | — | — | 55,000 | I | By William Montalto Revocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares withheld with a fair market value in an amount sufficient to satisfy the tax liability incurred upon the vesting of shares of restricted stock on June 30, 2016.
- F2Originally granted 59,397 shares of restricted stock pursuant to the Company's 2014 Long-Term Incentive Plan of which 1/12th would vest on the last business day of each month ending December 30, 2016. Since his employment obligation has been fulfilled more efficiently than anticipated by ending on June 30, 2016 rather than December 30, 2016, 29,699 shares are being cancelled pursuant to the terms of his Restricted Stock Agreement.