SEC Form 4 · accession 0000883943-16-000135
CHRISTOPHER & BANKS CORP · CBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cindy J Stemper
Officer — SVP, CHRO
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 4:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000883943
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Sep 1, 2016 | A | 11,792 | $0.00 | A | 37,542 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F8 | $2.12 | Sep 1, 2016 | A | 86,019 | A | Sep 1, 2017 | Sep 1, 2026 | Common Stock | 86,019 | 86,019 | D |
| Employee Stock Option (Right to Buy)F4 | $7.58 | holding | — | — | — | Sep 27, 2011 | Sep 27, 2020 | Common Stock | 17,250 | 17,250 | D |
| Employee Stock Option (Right to Buy)F5 | $6.28 | holding | — | — | — | Apr 18, 2012 | Apr 18, 2021 | Common Stock | 26,236 | 26,236 | D |
| Employee Stock Option (Right to Buy)F6 | $1.91 | holding | — | — | — | Mar 29, 2013 | Mar 29, 2022 | Common Stock | 29,272 | 29,272 | D |
| Employee Stock Option (Right to Buy)F7 | $6.25 | holding | — | — | — | Mar 15, 2014 | Mar 15, 2023 | Common Stock | 7,336 | 7,336 | D |
Explanation of responses
- F1For purposes of setting the exercise price of the non-qualified stock option ("NQSO") award and for calculating both the time-based restricted stock and NQSO awards granted on September 1, 2016, the Company used a price of $2.12 per share which represents the highest closing price on the NYSE during the 30 trading days preceding the date of grant.
- F2The reporting person was granted 11,792 shares of Common Stock pursuant to a Restricted Stock Agreement. The shares are subject to forfeiture and are scheduled to vest in three annual installments of 3,931, 3,931 and 3,930 shares on September 1, 2017, September 1, 2018 and September 1, 2019 respectively.
- F3This number includes restricted stock awards.
- F4On September 27, 2010, the reporting person was granted an option to purchase 17,250 shares of Common Stock. The option vests equally in three annual installments beginning on September 27, 2011.
- F5On April 18, 2011, the reporting person was granted an option to purchase 26,236 shares of Common Stock. The option vests in three annual installments of 8,746 shares on April 18, 2012, 8,745 shares on April 18, 2013 and 8,745 shares on April 18, 2014.
- F6On March 29, 2012, the reporting person was granted an option to purchase 29,272 shares of Common Stock. The option vests in three annual installments of 9,758 shares on March 29, 2013, 9,757 shares on March 29, 2014 and 9,757 shares on March 29, 2015.
- F7On March 15, 2013, the reporting person was granted an option to purchase 7,336 shares of Common Stock. The option vests in three annual installments of 2,446 shares on March 15, 2014, 2,445 shares on March 15, 2015 and 2,445 shares on March 15, 2016.
- F8On September 1, 2016, the reporting person was granted an option to purchase 86,019 shares of the Company's Common Stock. The option vests in three annual installments of 28,673 shares on each of September 1, 2017, September 1, 2018 and September 1, 2019.