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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
STOCK APPRECIATION RIGHT | $ 1.57 | 07/18/2013 | A | 15,000 | (4) | 07/18/2023 | COMMON STOCK | 15,000 | $ 0 | 15,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LOEB JAN H C/O KID BRANDS, INC. ONE MEADOWLANDS PLAZA, 8TH FLOOR EAST RUTHERFORD, NJ 07073 |
X |
/s/ Sara Adler, Attorney in Fact | 07/22/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents restricted stock units granted on July 18, 2013 pursuant to the Issuer's 2013 Equity Incentive Plan (the "2013 EIP"), which vest ratably over a five-year period commencing July 18, 2014. |
(2) | The reporting person is the managing member of Leap Tide Capital Management LLC ("Leap Tide"), which is the direct owner of the securities. The reporting person disclaims beneficial ownership of securities owned by Leap Tide except to the extent of the reporting person's pecuniary interest therein. |
(3) | The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest therein. |
(4) | Represents Stock Appreciation Rights granted on July 18, 2013 pursuant to the 2013 EIP, which vest ratably over a five-year period commencing July 18, 2014. |
Remarks: Exhibit List: Exhibit 24 - Power of Attorney |