SEC Form 4 · accession 0001209191-18-024231
TAILORED BRANDS INC · TLRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce K Thorn
Officer — President & COO
Period of report
Apr 4, 2018
Accepted (ET)
Apr 6, 2018 · 5:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884217
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 4, 2018 | F | 2,721 | $27.37 | D | 78,555 | D | |
| Common StockF2 | Apr 4, 2018 | A | 40,585 | $0.00 | A | 119,140 | D | |
| Common StockF3 | Apr 4, 2018 | F | 9,505 | $27.37 | D | 109,635 | D | |
| Common StockF4 | Apr 4, 2018 | A | 49,926 | $0.00 | A | 159,561 | D | |
| Common Stock | holding | — | — | — | 57 | I | Employee Stock Discount Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 7,745 deferred stock units granted to the reporting person on April 4, 2016.
- F2On April 4, 2016, the reporting person was granted performance units, representing the right to receive up to two shares of common stock for each performance unit granted, subject to meeting an adjusted EPS performance target for fiscal 2017. Based upon the Company's adjusted earnings per share delivered for fiscal 2017, a multiplier of 131% was applied to the target resulting in the right to receive the number of shares reported in the table. These performance units vest 50% on each of April 4, 2018 and 2019.
- F3Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 20,292 performance units granted to the reporting person on April 4, 2016.
- F4On December 12, 2016, the reporting person was granted performance units, representing the right to receive one share of common stock for each performance unit granted, subject to meeting a net cash provided by operating activities threshold for fiscal 2017. Based upon the Company's net cash provided by operating activities delivered for fiscal 2017, these performance units have been earned and will vest 50% on each of December 12, 2018 and 2019.