SEC Form 4 · accession 0000883943-18-000057
CHRISTOPHER & BANKS CORP · CBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keri L Jones
Officer — President & CEO · Director
Period of report
May 12, 2018
Accepted (ET)
May 14, 2018 · 4:24 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 | May 12, 2018 | F | 2,126 | $1.06 | D | 245,748 | 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)F3 | $1.03 | holding | — | — | — | — | Mar 12, 2028 | Common Stock | 500,000 | 500,000 | D |
| Employee Stock Option (Right to Buy)F4 | $1.03 | holding | — | — | — | Mar 12, 2019 | Mar 12, 2028 | Common Stock | 548,544 | 548,544 | D |
Explanation of responses
- F1Represents a transaction involving a disposition to the Company of equity securities upon the vesting of restricted stock whereby the reporting person used a portion of the shares that vested to satisfy the resulting tax withholding obligations.
- F2This number includes restricted stock awards.
- F3The reporting person was granted an option that will vest and becomes exercisable approximately 1/36th each month, if the reporting person remains employed as of such vesting date. The option is subject to accelerated vesting in the event of a change in control.
- F4On March 12, 2018, the reporting person was granted an option to purchase 548,544 shares of the Company's Common Stock. The option vests in three annual installments of 182,848 shares on each of March 12, 2019, March 12, 2020 and March 12, 2021.