4//SEC Filing
Webb Darrell 4
Accession 0001209191-11-019183
CIK 0000034151other
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 3:57 PM ET
Size
15.7 KB
Accession
0001209191-11-019183
Insider Transaction Report
Form 4
Webb Darrell
DirectorChairman, President and CEO
Transactions
- Disposition to Issuer
Common Stock
2011-03-18$61.00/sh−274,853$16,766,033→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18−57,190→ 0 totalExercise: $12.68From: 2011-03-18Exp: 2011-03-18→ Common Stock (57,190 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18$45.27/sh−55,106$2,494,649→ 0 totalExercise: $15.73From: 2011-03-18Exp: 2011-03-18→ Common Stock (55,106 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2011-03-18$36.00/sh−17,085$615,060→ 0 totalExercise: $25.00From: 2011-03-18Exp: 2011-03-18→ Common Stock (17,085 underlying) - Disposition to Issuer
Stock Equivalent Units
2011-03-18$61.00/sh−4,670$284,870→ 0 totalExercise: $0.00From: 2011-03-18Exp: 2011-03-18→ Common Stock (4,670 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to the merger agreement, dated as of December 23, 2010, by and among the Company, Needle Holdings Inc. and Needle Merger Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, effective as of March 18, 2011, the Company's common shares were automatically cancelled and converted into the right to receive $61.00 in cash.
- [F2]Pursuant to an individual agreement entered into in connection with the merger, these options were exchanged for options to purchase 3,685 shares of Needle Holdings Inc.'s common stock for $250 per share.
- [F3]Disposed of pursuant to the Merger Agreement. Of these 55,106 options, 5,701 options whether vested or unvested, were cancelled and converted into the right to receive per share the excess of $61.00 over the per share exercise price, less any required withholding taxes. Of these 55,106 options, 49,405 were exchanged for options to purchase 2,982 shares of Needle Holdings Inc.'s common stock for $250 per share.
- [F4]Disposed of pursuant to the Merger Agreement. Options, whether vested or unvested, were cancelled and converted into the right to receive per share the excess of $61.00 over the per share exercise price, less any required withholding taxes.
- [F5]Accelerated conversion of stock equivalent units into common stock on a one-to-one basis pursuant to the merger agreement, dated as of December 23, 2010, by and among the Company, Needle Holdings Inc. and Needle Merger Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, effective as of March 18, 2011, the Company's common shares were automatically cancelled and converted into the right to receive $61.00 in cash.
Documents
Issuer
JO-ANN STORES INC
CIK 0000034151
Entity typeother
Related Parties
1- filerCIK 0001368980
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 3:57 PM ET
- Size
- 15.7 KB