SEC Form 4 · accession 0000912833-16-000084
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 14, 2016
Accepted (ET)
Mar 16, 2016 · 8:28 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,F3 | Mar 14, 2016 | A | 43,695 | $0.00 | A | 142,280 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This award of restricted stock units ("RSUs") vests in three annual installments of 33%, 33% and 34% on March 14, 2017, 2018 and 2019, respectively.
- F2This award of RSUs was issued pursuant to the terms of the West Marine, Inc. Omnibus Equity Incentive Plan, as amended and restated. Each RSU represents a contingent right to receive one share of common stock upon vesting.
- F3Includes 79,695 unvested time-vested RSUs. Does not include 9,067 unvested stock options and 117,600 exercisable stock options or unvested performance-based restricted stock units.