SEC Form 4 · accession 0001179110-16-027345
CHRISTOPHER & BANKS CORP · CBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William F. Sharpe III
Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 5, 2016 · 4:55 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 | Jul 1, 2016 | A | 30,303 | $0.00 | A | 121,333 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF3,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 16,393 | 16,393 | D |
Explanation of responses
- F1The reporting person was awarded 30,303 shares of Common Stock pursuant to a Restricted Stock Agreement. Subject to the forfeiture provisions set forth in the Agreement, the shares awarded vest in full on the earlier of (i) June 30, 2017 or (ii) the date of the Company's 2017 Annual Meeting of Stockholders.
- F2This number includes restricted stock awards.
- F3Previously 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.
- F4Each share of phantom stock represents a right to receive one share of common stock.
- F5The phantom stock becomes payable in a single issuance of common stock on January 1, 2017 in accordance with the prior election of the reporting person.