Statement of Changes in Beneficial Ownership (4)
January 03 2020 - 4:59PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
SAVAGE KENT A |
2. Issuer Name and Ticker or Trading Symbol
Centric Brands Inc.
[
CTRC
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
|
(Last)
(First)
(Middle)
C/O CENTRIC BRANDS INC., 350 5TH AVENUE, 6TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/31/2019 |
(Street)
NEW YORK, NY 10118
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock, par value $0.10 per share | 12/31/2019 | | M | | 23529 | A | (1) | 120263 | D | |
Common Stock, par value $0.10 per share | | | | | | | | 341 | I | See Note 4 (4) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (1) | 12/31/2019 | | M | | 23529 | | 12/31/2019 | 12/31/2019 | Common Stock, par value $0.10 per share | 23529 | $0 (1)(2) | 0 | D | |
Restricted Stock Units | (2) | 1/2/2020 | | A | | 44444 | | (3) | (3) | Common Stock, par value $0.10 per share | 44444 | $0 (2) | 44444 | D | |
Explanation of Responses: |
(1) | The reporting person previously received a grant of Restricted Stock Units ("RSUs") each representing a contingent right to receive one share of common stock of Centric Brands Inc. (the "Company") pursuant to the Centric Brands Inc. 2016 Stock Incentive Plan (the "Plan") and previously reported on Table II of a Form 4. These RSUs vested in accordance with the terms of the grant. |
(2) | Each RSU represents a contingent right to receive one share of the common stock, par value $0.10 per share, of the Company and the RSUs were granted pursuant to the Plan. |
(3) | The RSUs will vest in equal installments on July 1, 2020 and December 31, 2020, respectively, subject to the reporting person's continuous service as a member of the Board of Directors on such vesting date. |
(4) | These shares are held for the account of Savage Interests LP, a limited partnership of which the reporting person and his spouse are two of the five limited partners. Savage Interests LP has two general partners with which it must act jointly with respect to the voting and investment control of the shares: (i) KAS Interests GP LLC, of which the reporting person is the sole managing member and (ii) CKS Interests GP, LLC of which the reporting person's spouse is the sole managing member. The limited partners of Savage Interests LP have no voting or investment control over the shares. The reporting person disclaims beneficial ownership of common stock held in the account of the LP except to the extent of his pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that the reporting person is the beneficial owner of any securities not held directly for his account for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SAVAGE KENT A C/O CENTRIC BRANDS INC. 350 5TH AVENUE, 6TH FLOOR NEW YORK, NY 10118 | X |
|
|
|
Signatures
|
/s/ Kent Savage | | 1/3/2020 |
**Signature of Reporting Person | Date |
Centric Brands (NASDAQ:CTRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Centric Brands (NASDAQ:CTRC)
Historical Stock Chart
From Apr 2023 to Apr 2024