SEC Form 4/A · accession 0000912833-16-000078
WEST MARINE INC · WMAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Barry Kelley
Officer — EVP - Stores & Wholesale
Period of report
Mar 2, 2016
Accepted (ET)
Mar 16, 2016 · 8:22 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 2, 2016 | A | 1,263 | $8.68 | A | 56,462 | D | |
| Common StockF3 | Mar 2, 2016 | F | 1,403 | $8.68 | D | 55,059 | D | |
| Common StockF4 | Mar 2, 2016 | F | 489 | $8.68 | D | 54,570 | D | |
| Common StockF5,F6 | Mar 3, 2016 | F | 1,403 | $8.75 | D | 53,167 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Performance-based restricted stock units ("PVUs") granted on March 2, 2015 were subject to the achievement of a pre-established performance goal over the one-year performance period ending at the end of fiscal 2015. The Compensation and Leadership Development Committee of the Issuer's Board of Directors certified the Issuer's achievement of the performance goal and determined the number of PVUs that were earned. The PVUs vest over a three-year period, with 33% vesting on the first anniversary of the grant date, another 33% vesting on the second anniversary of the grant date, and 34% vesting on the third anniversary of the grant date, in each case subject to the continued employment with the Issuer.
- F2Includes 13,943 unvested time-vested restricted stock units ("RSUs"). RSUs represent the right to receive one share of common stock for each RSU upon vesting. RSUs vest over a three-year period, with 33% vesting on the first anniversary of the grant date, another 33% vesting on the second anniversary of the grant date, and 34% vesting on the third anniversary of the grant date, subject to continued employment with the Issuer. Also includes 997 shares received in October 2015 under the Issuer's Amended and Restated Associates Stock Buying Plan.
- F3Shares withheld to cover income taxes related to the vesting of 3,630 RSUs on March 2, 2016.
- F4Shares withheld to cover income taxes related to the vesting of 1,263 PVUs on March 2, 2016.
- F5Shares withheld to cover income taxes related to the vesting of 3,630 RSUs on March 3, 2016.
- F6Does not include 2,833 unvested stock options and 28,000 exercisable stock options or unvested PVUs.