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JAKKS PACIFIC INC — Director's Dealing 2012
Jan 12, 2012
33653_dirs_2012-01-12_94770ad5-1de4-4214-a23c-e447f6f71aad.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: JAKKS PACIFIC INC (JAKK)
CIK: 0001009829
Period of Report: 2011-12-31
Reporting Person: BERMAN STEPHEN G (Director, CEO, President & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-12-31 | Common Stock | F | 407 | $14.11 | Disposed | 172266 | Direct |
| 2011-12-31 | Common Stock | D | 27442 | $14.11 | Disposed | 144824 | Direct |
| 2012-01-01 | Common Stock | F | 943 | $14.11 | Disposed | 143881 | Direct |
| 2012-01-01 | Common Stock | A | 35435 | $14.11 | Acquired | 179316 | Direct |
Footnotes
F1: Represents that number of shares surrendered by the Holder in order to satisfy a tax withholding obligation, as permitted by the terms of previously reported Restricted Stock Award Agreement by and between the Holder and the Issuer and as approved by the Compensation Committee of the Issuer's Board of Directors.
F2: Represents the closing price of the Issuer's common stock on 12/30/11, as reported by Nasdaq.
F3: Certain of these shares may be restricted from transfer pursuant to the minimum stock ownership provision in Holder's Employment Agreement with the Issuer.
F4: Reflects the forfeiture of 27,442 shares issued pursuant to the terms of Holder's Employment Agreement that failed to vest pursuant to the terms of that certain January 1, 2011 Restricted Stock Award Agreement by and between the Holder and the Issuer.
F5: Such 35,435 shares were issued pursuant to the terms of Holder's Employment Agreement with the Issuer and are further subject to the terms of that certain January 1, 2012 Restricted Stock Award Agreement (the "Agreement") by and between the Holder and the Issuer.
F6: The 35,435 shares will vest equally over five years, with the initial tranche vesting on the date in 2013 that the 3% Vesting Condition (as defined in the Holder's Employment Agreement) is determined to be satisfied with each succeeding tranche vesting on January 1 of each year commencing with January 1, 2014 with the final tranche vesting on January 1, 2017.