SEC Form 4 · accession 0000912833-17-000040
WEST MARINE INC · WMAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randolph K Repass
Director · 10% Owner
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 5:43 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 Stock | May 11, 2017 | G | 95,000 | $0.00 | D | 4,536,064 | D | |
| Common Stock | May 11, 2017 | G | 95,000 | $0.00 | A | 372,715 | I | Trust for younger adult Son |
| Common Stock | May 11, 2017 | G | 40,000 | $0.00 | D | 4,496,064 | D | |
| Common Stock | May 15, 2017 | G | 2,000 | $0.00 | D | 232,600 | I | By Spouse |
| Common StockF4,F5,F6 | Jun 1, 2017 | A | 6,493 | $0.00 | A | 4,502,557 | D | |
| Common StockF1 | holding | — | — | — | 4,631,064 | D | ||
| Common StockF1,F2 | holding | — | — | — | 801,383 | I | (see Footnote) | |
| Common Stock | holding | — | — | — | 147,800 | I | Trust for older adult Son | |
| Common Stock | holding | — | — | — | 40,400 | I | Trust for Grandchildren |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective March 13, 2017, the grantor retained annuity trust ("GRAT") distributed 698,617 shares to the Reporting Person as the first annuity payment under the terms of the GRAT.
- F2Held by GRAT. Mr. Repass as co-trustee has sole investment power over the shares held by the GRAT, and his brother-in-law has sole voting power over the shares held by the GRAT.
- F3Gift to trust for the benefit of younger adult son.
- F4Represents restricted stock units ("RSUs") that vest on the earlier of June 1, 2018 or the date of the Issuer's 2018 Annual Meeting of Stockholders.
- F5This award of RSUs was granted pursuant to the terms of the West Marine, Inc. Amended and Restated Omnibus Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock upon vesting.
- F6Does not include 10,123 shares underlying exercisable stock options.