SEC Form 4 · accession 0000912833-15-000008
WEST MARINE INC · WMAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew L Hyde
Officer — Chief Executive Officer · Director
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 5:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912833
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | Mar 2, 2015 | A | 26,667 | $0.00 | A | 84,801 | D | |
| Common StockF6 | Mar 4, 2015 | F | 3,010 | $11.04 | D | 33,801 | D | |
| Restricted Stock UnitsF3 | holding | — | — | — | 76,001 | D | ||
| Common StockF4 | holding | — | — | — | 36,811 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This award of restricted stock units vests in three annual installments of 33%, 33% and 34% on March 2, 2016, 2017 and 2018, respectively.
- F2This award of restricted stock units was issued pursuant to the terms of the West Marine, Inc. Omnibus Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting.
- F3Restricted stock units outstanding following the vesting of units representing 8,800 shares of common stock on March 3, 2015.
- F4Includes 8,800 shares received upon vesting of restricted stock unit awards on March 3, 2015.
- F5The Issuer did not withhold and sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- F6Does not include 51,867 unvested stock options and 74,800 exercisable stock options.