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Hanesbrands Inc. — Director's Dealing 2015
Mar 13, 2015
31566_dirs_2015-03-13_c9fd67b8-052c-4095-bcc4-06a7950ff571.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Hanesbrands Inc. (HBI)
CIK: 0001359841
Period of Report: 2015-03-11
Reporting Person: NOLL RICHARD A (Director, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-11 | Common Stock | M | 529928 | $6.28 | Acquired | 1633804 | Direct |
| 2015-03-11 | Common Stock | F | 307168 | $32 | Disposed | 1326636 | Direct |
| 2015-03-12 | Common Stock | S | 222760 | $32.34 | Disposed | 1103876 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-11 | Employee Stock Option (right to buy) | $6.28 | M | 529928 | Disposed | 2018-02-04 | Common Stock (529928.0) | Direct |
Footnotes
F1: The option exercise and sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 20, 2014. For additional information, please refer to Item 9B of the Issuer's Annual Report on Form 10-K filed with the SEC on February 6, 2015.
F2: On March 3, 2015, the common stock of Hanesbrands Inc. split 4-for-1, resulting in the Reporting Person's ownership of 827,907 additional shares of common stock.
F3: Represents a "net exercise" of outstanding stock options. These shares were withheld by Hanesbrands Inc. for payment of the exercise price and applicable taxes, based on the market price of Hanesbrands Inc. common stock at the time of the option exercise on March 11, 2015 of $32.00.
F4: This transaction was executed in multiple trades at prices ranging from $32.13 to $32.49. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the SEC staff, Hanesbrands Inc. or any security holder of Hanesbrands Inc. full information regarding the number of shares sold at each separate price.
F5: This option was previously reported as covering 652,482 shares at an exercise price of $25.10 per share, but was adjusted to reflect 4-for-1 stock split that occurred on March 3, 2015.
F6: The option vests in three installments of 33% on February 4, 2009, 33% on February 4, 2010 and 34% on February 4, 2011.