SEC Form 5 · accession 0001209191-18-020657

URBAN OUTFITTERS INC · URBN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

Richard A Hayne

Officer — CEO · Director · 10% Owner

Margaret Hayne

Officer — CEO, Free People · Director

Period of report

Jan 31, 2018

Accepted (ET)

Mar 19, 2018 · 5:24 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000912615

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Shares	Mar 9, 2017	G	2,240,288	$0.00	A	19,661,352	D
Common Share	Jul 14, 2017	G	5,000,000	$0.00	D	14,661,352	D
Common Shares	Dec 18, 2017	G	30,750	$0.00	D	14,630,602	D
Common Shares	Dec 18, 2017	G	30,750	$0.00	D	14,599,852	D
Common Shares	Dec 18, 2017	G	30,750	$0.00	D	14,569,102	D
Common Shares	Dec 18, 2017	G	30,750	$0.00	D	14,538,352	D
Common Shares	Dec 18, 2017	G	30,750	$0.00	D	14,507,602	D
Common Shares	Dec 18, 2017	G	1,967,489	$0.00	A	16,475,091	D
Common Shares^F3	holding	—	—		—	23,519	I	By Profit Sharing Fund (401(k) Plan)
Common Shares^F4	holding	—	—		—	265,573	I	By Trust
Common Shares^F3	holding	—	—		—	62,440	I	By Hayne Foundation
Common Shares^F5	holding	—	—		—	1,066,184	I	By Spouse
Common Shares^F6	holding	—	—		—	11,318	I	By spouse through Profit Sharing Fund (401(k) Plan)
Common Shares^F6,F7	holding	—	—		—	5,141,680	I	By spouse as Trustee

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Based Restricted Stock Unit^F8,F9,F10	—	holding	—	—	—	—	—	Common Shares	60,000	60,000	I
Performance Based Restricted Stock Unit^F9,F11	—	holding	—	—	—	—	—	Common Shares	20,000	20,000	I
Performance Based Restricted Stock Unit^F9,F12	—	holding	—	—	—	—	—	Common Shares	30,000	30,000	I

Explanation of responses

F1Report of fiscal year-end holdings only.
F10The PSUs are eligible to vest on August 27, 2018, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's compounded annual growth rate for operating profit for the fiscal years 2015, 2016, 2017 and 2018, as well as on the average closing price of the issuer's common shares being greater than the grant date price; provided, however, that the number of PSUs that vest is limited to the number of PSUs multiplied by three times the fair market value ("FMV") of the issuer's common shares on the grant date, divided by the FMV of the issuer's common shares on the day before the applicable vesting date. This limitation caps the FMV of the award at three times the FMV of the award on the grant date.
F11One-third of the total number of PSUs are eligible to vest on each of August 25, 2018, 2019 and 2020, contingent on the continued employment of the reporting person through such date, the satisfaction of certain performance measures relating to the issuer's average operating profit margin for the fiscal years 2017, 2018, 2019 and 2020 and the satisfaction of the requirement that the average closing price of the issuer's common shares during the six-month period before the applicable vesting date be at least equal to the grant date price; provided, however, that on the three vesting dates, the number of PSUs that vest is limited to the number of PSUs multiplied by three times the FMV of the issuer's common shares on the grant date, divided by the FMV of the issuer's common shares on the day before the applicable vesting date. This limitation caps the number of shares that may be registered under the award at three times the FMV of the award on the grant date.
F12One-third of the total number of PSUs are eligible to vest on each of February 28, 2019, 2020 and 2021, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's average operating profit margin for the fiscal years 2018, 2019, 2020 and 2021; provided, however, that on the three vesting dates, the number of PSUs that vest is limited to the number of PSUs multiplied by three times the fair market value of the issuer's common shares on the grant date, divided by the FMV of the issuer's common shares on the day before the applicable vesting date. This limitation caps the number of shares that may be registered under the award at three times the FMV of the award on the grant date.
F2This line item reports the balance of shares in the Profit Sharing Trust after covering certain administrative costs of the Trustee as of the plan statement date of January 31, 2018.
F3These shares are owned indirectly by Richard A. Hayne and indirectly by his spouse, Margaret Hayne. Margaret Hayne disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
F4These shares are held by two trusts, of which members of Richard A. Hayne's immediate family are among the beneficiaries. Mr. Hayne serves as trustee of each trust and disclaims beneficial ownership of the issuer's common shares held by the trusts, except to the extent of his pecuniary interest therein.
F5These shares are owned indirectly by Richard A. Hayne and directly by his spouse, Margaret Hayne. Richard A. Hayne disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
F6These shares are owned indirectly by Richard A. Hayne and indirectly by his spouse, Margaret Hayne. Richard A. Hayne disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
F7These shares are owned by seven trusts, of which members of Margaret Hayne's immediate family are among the beneficiaries.
F8The footnote disclosure regarding the grant of Performance Based Restricted Stock Units ("PSUs") differs from the disclosure in Margaret Hayne's Form 4 filed on August 29, 2013 due to a typographical error in the prior filing.
F9Each PSU represents a contingent right to receive one of the issuer's common shares.