SEC Form 4 · accession 0001179110-16-026956

CHRISTOPHER & BANKS CORP · CBK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Lisa W Wardell

Director · Other

Period of report

Jun 25, 2016

Accepted (ET)

Jun 27, 2016 · 4:28 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 Stock	holding	—	—		—	86,616	D
Common Stock^F2	holding	—	—		—	255	I	Custodial Accounts

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F4,F5	—	Jun 25, 2016	D	16,393	D	—	—	Common Stock	16,393	0	D
Phantom Stock^F1,F6,F7	—	Jun 25, 2016	A	16,393	A	—	—	Common Stock	16,393	16,393	D
Stock Option (Right to Buy)^F3	$5.85	holding	—	—	—	Dec 1, 2011	Jun 1, 2021	Common Stock	14,000	14,000	D

Explanation of responses

F1Previously reported as restricted stock units. Pursuant to a prior election of the reporting person, upon vesting on June 25, 2016 of restricted stock units previously granted to the reporting person, the reporting person deferred the receipt of 16,393 shares of common stock and received instead an equal number of shares of phantom stock pursuant to the Company's 2013 Directors' Equity Incentive Plan.
F2The total shares reflected are held in separate custodial accounts of 75 shares, 70 shares, 70 shares and 40 shares for four minor sons.
F3On June 1, 2011, the reporting person was granted an option to exercise 14,000 shares of Common Stock. The option vests in three annual installments of 4,667 shares on December 1, 2011, 4,667 shares on December 1, 2012 and 4,666 shares on December 1, 2013.
F4Each restricted stock unit represents a contingent right to receive one share of the Company's common stock on a one-for-one basis.
F5The restricted stock units vest in full on the earlier of (i) June 25, 2016 or (ii) the date of the 2016 Annual Meeting of Stockholders. Vested shares will be delivered in a single lump sum to the reporting person effective as of the date when the reporting person no longer serves as a director of the Company in accordance with the election of the reporting person.
F6Each share of phantom stock represents a right to receive one share of common stock.
F7The phantom stock becomes payable in a single issuance of common stock when the reporting person no longer serves as a director of the Company in accordance with the prior election of the reporting person.