Legg John A. 4
4 · ZALE CORP · Filed Sep 6, 2012
Insider Transaction Report
Form 4
ZALE CORPZLC
Legg John A.
SVP Supply Chain Management
Transactions
- Exercise/Conversion
Common Stock
2012-09-04$5.79/sh+5,115$29,616→ 5,115 total - Tax Payment
Common Stock
2012-09-04$5.79/sh−1,353$7,834→ 3,762 total - Exercise/Conversion
Restricted Stock Units
2012-09-04+5,115→ 10,385 totalExercise: $0.00From: 2012-09-02→ Common Stock (10,385 underlying)
Holdings
- 25,000
Stock Options (right to boy)
Exercise: $3.95From: 2012-09-02Exp: 2021-09-02→ Common Stock (25,000 underlying) - 35,000
Stock Options (right to buy)
Exercise: $2.00From: 2011-08-30Exp: 2020-08-30→ Common Stock (35,000 underlying) - 20,000
Restricted Stock Units
Exercise: $0.00From: 2013-07-31→ Common Stock (20,000 underlying)
Footnotes (4)
- [F1]Reflects the issuance of 5,115 shares of Common Stock to the undersigned upon the vesting of restricted stock units as shown on Table 2 of this report.
- [F2]Reflects the withholding of 1,353 shares by the Company to satisfy tax obligations in connection with the vesting of 5,115 shares of restricted stock units. No shares were bought or sold in the open market.
- [F3]Restricted stock units granted under Zale Corporation 2011 Omnibus Incentive Plan that vest as to 33% of the units on the first anniversary of the grant date, as to an additional 33% of the units on the second anniversary of the grant date and as to the remaining 34% of the units on the third anniversary of the grant date. Upon vesting, the holder will be entitled to receive one share of common stock for each unit, unless the Board of Directors determines that payment shall be made in cash.
- [F4]Restricted stock units granted under Zale Corporation 2003 Stock Incentive Plan that vest as to 33% of the units on the first anniversary of the grant date, as to an additional 33% of the units on the second anniversary of the grant date and as to the remaining 34% of the units on the third anniversary of the grant date. Upon vesting, the holder will be entitled to receive one share of common stock for each unit, unless the Board of Directors determines that payment shall be made in cash. This report reflects the vesting of 5,115 units.