SEC Form 4 · accession 0000899243-17-014406
STEIN MART INC · SMRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay Stein
Officer — Chairman · Director · 10% Owner
Period of report
May 22, 2017
Accepted (ET)
May 25, 2017 · 9:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884940
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 22, 2017 | G | 4,500,000 | $0.00 | D | 5,174,799 | D | |
| Common Stock | May 22, 2017 | G | 4,500,000 | $0.00 | A | 4,500,000 | I | By Berry Hattie Stein Grantor Retained Annuity Trust |
| Common Stock | May 22, 2017 | G | 4,500,000 | $0.00 | D | 674,799 | D | |
| Common Stock | May 22, 2017 | G | 4,500,000 | $0.00 | A | 4,500,000 | I | By Jay Meredith Stein Grantor Retained Annuity Trust |
| Common StockF3 | May 23, 2017 | P | 546,720 | $1.4784 | A | 2,115,546 | I | Stein Ventures Limited Partnership |
| Common StockF4 | May 24, 2017 | P | 353,280 | $1.5343 | A | 2,468,826 | I | Stein Ventures Limited Partnership |
| Common StockF2 | holding | — | — | — | 133,709 | I | Cary Ventures, Inc. | |
| Common Stock | holding | — | — | — | 1,273,694 | I | By trust for benefit of family | |
| Common Stock | holding | — | — | — | 773,694 | I | By trust for benefit of family | |
| Common Stock | holding | — | — | — | 731,600 | I | By trust for benefit of family | |
| Common Stock | holding | — | — | — | 250,000 | I | By trust for benefit of family |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 9,000,000 shares previously held through Stein Ventures Limited Partnership which were distributed to the reporting person on April 27, 2017.
- F2Includes 90,909 shares previously held through Stein Ventures Limited Partnership which were distributed to Cary Ventures, Inc. on April 28, 2017.
- F3The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.45 to $1.5379, inclusive. The reporting person undertakes to provide to Stein Mart, Inc., any security holder of Stein Mart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (3) and (4) to this Form 4.
- F4The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.5299 to $1.5496, inclusive.