SEC Form 4 · accession 0001209191-15-072469
PERRY ELLIS INTERNATIONAL, INC · PERY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Harriman
Officer — President, Sportswear Division
Period of report
Sep 25, 2015
Accepted (ET)
Sep 29, 2015 · 5:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000900349
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 25, 2015 | M | 15,000 | $4.63 | A | 48,515 | D | |
| Common StockF1 | Sep 25, 2015 | S | 15,000 | $22.6364 | D | 33,515 | D | |
| Common StockF2,F1 | Sep 25, 2015 | M | 12,120 | $18.19 | A | 45,635 | D | |
| Common StockF3,F1 | Sep 25, 2015 | F | 10,412 | $22.57 | D | 35,223 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $4.63 | Sep 25, 2015 | M | 15,000 | D | Mar 18, 2010 | Mar 17, 2019 | Common Stock | 15,000 | 0 | D |
| Stock Appreciation Right | $18.19 | Sep 25, 2015 | M | 12,120 | D | Mar 19, 2013 | Mar 18, 2019 | Common Stock | 12,120 | 0 | D |
| Stock Appreciation Right | $28.38 | holding | — | — | — | Apr 11, 2012 | Apr 10, 2018 | Common Stock | 7,824 | 7,824 | D |
| Stock Appreciation Right | $24.93 | holding | — | — | — | Apr 19, 2011 | Apr 18, 2017 | Common Stock | 9,551 | 9,551 | D |
Explanation of responses
- F1Includes (i) 4,674 shares of restricted stock granted under the Plan, which vest in three equal annual installments commencing on April 22, 2016; (ii) 7,852 shares of restricted stock granted under the Plan, which vest in two equal annual installments commencing on April 28, 2016; (iii) 3,320 shares of restricted stock granted under the Plan, which vest on April 30, 2016; and (iv) 9,960 shares of performance stock granted under the Plan in April 2013, which vest up to 100% provided that certain performance goals have been achieved and the Reporting Person is still an employee of the Company as of the last day of fiscal 2016. With respect to the grant set forth in (iv), the Reporting Person may be entitled to additional performance stock in the event the Company exceeds the performance goals.
- F2Represents the acquisition of shares underlying a Stock Appreciation Right.
- F3Represents (i) the disposition of 9,768 shares underlying a Stock Appreciation Right as payment of the exercise price and (ii) the withholding of 644 shares to pay taxes resulting from exercise of a Stock Appreciation Right.