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JOHNSON OUTDOORS INC Director's Dealing 2005

May 20, 2005

32991_dirs_2005-05-20_f13d9f4f-f091-4128-86ca-45725c6c19ca.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON OUTDOORS INC (JOUT)
CIK: 0000788329
Period of Report: 2004-12-31

Reporting Person: JOHNSON H FISK (13(d) Group)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-12-31 Class A Common Stock X 161667 $13.04 Acquired 161667 Indirect
2005-02-16 Class A Common Stock P 61988 $20.10 Acquired 223655 Indirect
2005-05-18 Class A Common Stock P 55000 $18.08 Acquired 278655 Indirect
2005-02-16 Class A Common Stock P 85000 $20.10 Acquired 85000 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-12-31 Option (right to buy) $13.04 X 161667 Disposed 2005-01-07 Class A Common Stock (161667) Indirect
2005-02-16 Class B Common Stock $ P 18012 Acquired Class A Common Stock (18012) Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 112738 Direct
Class A Common Stock 77479 Indirect
Class A Common Stock 98000 Indirect
Class A Common Stock 176858 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Class B Common Stock $0.00 Class A Common Stock (22784) 22784 Indirect

Footnotes

F1: H. Fisk Johnson reports these shares as settlor and beneficiary of the Gift Trust. Dr. Johnson held the reported option directly until it was transferred to the Gift Trust in a transaction exempt from Section 16 under Rule 16a-13.

F2: H. Fisk Johnson is filing this Form 4 because he may be deemed (but does not hereby admit that he is) part of a 13(d) group that owns more than 10% of Johnson Outdoors outstanding common stock. This Form 4 reports the shares of Johnson Outdoors common stock in which Dr. Johnson may be deemed to have a pecuniary interest under Rule 16a-1(a)(2).

F3: H. Fisk Johnson reports these shares as settlor and beneficiary of the H. Fisk Johnson Third Party Gift and Inheritance Trust (the "Gift Trust"), which is the managing member of the HFJ III Family Line Investments LLC, Series II (the "HFJ LLC"). Dr. Johnson disclaims beneficial ownership of all shares held by the HFJ LLC in which he does not have a pecuniary interest.

F4: H. Fisk Johnson reports these shares as settlor and beneficiary of the H. Fisk Johnson Revocable Trust (the "Trust"), which beneficially owns the reported shares directly, or indirectly as a shareholder of certain corporations and as the general partner of certain limited partnerships. Dr. Johnson reports all shares held by certain corporations of which the Trust may be deemed to be a controlling shareholder. In addition, Dr. Johnson reports all shares held by certain limited partnerships of which the Trust is a general partner. Due to the nature of such limited partnerships, it is impractical to determine the Trust's proportionate interest (as defined by Rule 16a-1(a)(2)(ii)(B)) in such limited partnerships. Dr. Johnson disclaims beneficial ownership of all shares directly or indirectly held by the Trust in which he does not have a pecuniary interest.

F5: H. Fisk Johnson reports these shares as the controlling shareholder of a corporation, which beneficially owns the reported shares directly. Dr. Johnson disclaims beneficial ownership of all shares held by the corporation in which he does not have a pecuniary interest.

F6: H. Fisk Johnson reports these shares as the sole trustee of certain trusts for Johnson family members, which beneficially own the reported shares directly. Dr. Johnson disclaims beneficial ownership of all shares held by the trusts in which he does not have a pecuniary interest.

F7: Stock option granted pursuant to that certain Option Agreement, dated July 8, 2003, by and among the Samuel C. Johnson 1988 Trust Number 1 dated September 14, 1988, as amended and restated, Helen P. Johnson Leipold, S. Curtis Johnson, H. Fisk Johnson and Winifred J. Marquart.

F8: Class B Common Stock is convertible at any time on a one-share-for-one-share basis into Class A Common Stock.