SEC Form 4 · accession 0001209191-16-151751
PERRY ELLIS INTERNATIONAL, INC · PERY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Feldenkreis
Officer — Executive Chairman · Director · 10% Owner
Period of report
Nov 21, 2016
Accepted (ET)
Nov 22, 2016 · 5:03 pm EST
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 StockF2 | Nov 21, 2016 | S | 16,407 | $24.2038 | D | 1,655,071 | D | |
| Common StockF2 | Nov 22, 2016 | G | 26,300 | $0.00 | D | 1,628,771 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $28.38 | holding | — | — | — | Apr 11, 2012 | Apr 10, 2018 | Common Stock | 57,894 | 57,894 | D |
| Stock Appreciation Right | $24.93 | holding | — | — | — | Apr 19, 2011 | Apr 18, 2017 | Common Stock | 70,674 | 70,674 | D |
Explanation of responses
- F1Represents shares sold solely to pay income taxes associated with the deemed vesting of restricted stock previously granted to Mr. Feldenkreis, resulting from provisions of Mr. Feldenkreis' employment agreement. The Company's compensation committee approved the accelerated vesting of a limited portion of Mr. Feldenkreis' restricted stock grants effective November 18, 2016 for this specific purpose. The shares subject to the remaining restricted stock grants will vest as originally scheduled.
- F2Includes (i) 6,846 restricted shares granted under the 2015 Long-Term Incentive Compensation Plan (the "Plan"), successor to the Second Amended and Restated 2005 Long-Term Incentive Compensation Plan (the "2005 Plan"), which vest over three years beginning April 20, 2017; (ii) 4,411 restricted shares granted under the 2005 Plan, 2,205 shares of which vest on April 22, 2017 and 2,206 shares of which vest on April 22, 2018; and (iii) 15,281 restricted shares granted under the 2005 Plan, which vest on April 28, 2017.