SEC Form 4 · accession 0000899243-18-030013
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
Nov 30, 2018
Accepted (ET)
Dec 4, 2018 · 12:57 pm EST
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 | Nov 30, 2018 | J | 4,500,000 | $1.37 | D | 0 | I | By Berry Hattie Stein 2018 Grantor Retained Annuity Trust |
| Common Stock | Nov 30, 2018 | J | 4,500,000 | $1.37 | A | 5,174,799 | D | |
| Common Stock | Nov 30, 2018 | J | 4,500,000 | $1.37 | D | 0 | I | By Jay Meredith Stein 2018 Grantor Retained Annuity Trust |
| Common Stock | Nov 30, 2018 | J | 4,500,000 | $1.37 | A | 9,674,799 | D | |
| Common Stock | Dec 3, 2018 | G | 4,500,000 | $0.00 | D | 5,174,799 | D | |
| Common Stock | Dec 3, 2018 | G | 4,500,000 | $0.00 | A | 4,500,000 | I | By Berry Hattie Stein 2018 Grantor Retained Annuity Trust II |
| Common Stock | Dec 3, 2018 | G | 4,500,000 | $0.00 | D | 674,799 | D | |
| Common Stock | Dec 3, 2018 | G | 4,500,000 | $0.00 | A | 4,500,000 | I | By Jay Meredith Stein 2018 Grantor Retained Annuity Trust II |
| 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 2018 Grantor Retained Annuity Trust and the Jay Meredith Stein 2018 Grantor Retained Annuity Trust (together, the "GRATs"), Jay Stein elected to substitute certain assets for 4,500,000 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.