SEC Form 4 · accession 0000899243-18-018928
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
Jun 28, 2018
Accepted (ET)
Jul 2, 2018 · 4:27 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 Stock | Jun 28, 2018 | J | 3,581,165 | $2.56 | D | 0 | I | By Berry Hattie Stein Grantor Retained Annuity Trust |
| Common Stock | Jun 28, 2018 | J | 3,581,165 | $2.56 | A | 6,093,634 | D | |
| Common Stock | Jun 28, 2018 | J | 3,581,165 | $2.56 | D | 0 | I | By Jay Meredith Stein Grantor Retained Annuity Trust |
| Common Stock | Jun 28, 2018 | J | 3,581,165 | $2.56 | A | 9,674,799 | D | |
| Common Stock | Jun 29, 2018 | G | 4,500,000 | $0.00 | D | 5,174,799 | D | |
| Common Stock | Jun 29, 2018 | G | 4,500,000 | $0.00 | A | 4,500,000 | I | By Berry Hattie Stein 2018 Grantor Retained Annuity Trust |
| Common Stock | Jun 29, 2018 | G | 4,500,000 | $0.00 | D | 674,799 | D | |
| Common Stock | Jun 29, 2018 | G | 4,500,000 | $0.00 | A | 4,500,000 | I | By Jay Meredith Stein 2018 Grantor Retained Annuity Trust |
| Common Stock | holding | — | — | — | 2,468,826 | I | Stein Ventures Limited Partnership | |
| Common Stock | 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
- F1In accordance with the provisions of each of the Berry Hattie Stein Grantor Retained Annuity Trust and the Jay Meredith Stein Grantor Retained Annuity Trust (together, the "GRATs"), Jay Stein elected to substitute certain assets for 3,581,165 shares of common stock of Stein Mart, Inc. from each of the GRATs (the "Substitutions"). The Substitutions may be deemed to be purchases. The purchase price reflects the average of the high and low price of the shares of common stock of Stein Mart, Inc. on the date of the Substitutions in accordance with the terms of the GRATs.