4 1 beekman051103-4.htm Form 4
Form 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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1. Name and Address of Reporting Person*

Beekman          Philip          E.
2. Issuer Name and Ticker or Trading Symbol

Linens ’n Things, Inc. (“LIN”)

6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X]    Director                    [_]     10% Owner
[_]    Officer (give             [_]    Other (specify
                  title below)                     below)

 
(Last)             (First)            (Middle)



c/o Linens ’n Things, Inc.
6 Brighton Road
3. I.R.S. Identification Number of Reporting Person, if an entity
(voluntary)

4. Statement for Month/Day/Year

5/1/03
(Street)

Clifton,           NJ            07015
5. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing
(Check Applicable Line)
[X]  Form filed by One Reporting Person
[_] Form filed by More than One Reporting Person
(City)             (State)             (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security
(Instr. 3)

2. Trans-
action
Date
(mm/dd/yy)

2A.
Deemed
Execution
Date, if
any
(mm/dd/yy)
3. Transaction
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
(Instr. 3 and 4)
6. Owner-
ship 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 $0.01 per share               9,370 D  
Common Stock, par value $0.01 per share               1,000 D(1)  
Common Stock, par value $0.01 per share 5/01/03   A   479 A   479 D(2)  
Common Stock, par value $0.01 per share 5/01/03   A   1,000 A   1,000 D(3)  


(1)     Restricted stock granted May 9, 2002 of which 50% vested on November 11, 2002 and 50% will vest on May 10, 2003.
(2)     Stock Awarded in lieu of cash for Directors retainer.
(3)     Restricted stock granted on May 1, 2003 of which 50% will vest on November 2, 2003 and 50% will vest on May 2, 2004.

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 vaild OMB Number.
(Over)
SEC 1474 (9-02)

FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
 
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
(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
Deriv-
ative
Secur-
ities
Bene-
ficially
Owned
Follow-
ing
Reported
Trans-
action(s)

(Instr. 4)

10. Owner-
ship
Form of
Deriv-
ative
Security:
Direct (D) or Indirect (I)
(Instr. 4)
11. Nature
of
Indirect
Benefi-
cial
Owner-
ship
(Instr. 4)
Code V (A) (D) Date
Exercisable
Expiration
Date
Title Amount or
Number
of Shares
Stock Options
(Right to Buy)(1)
$20.85 5/01/03   A   4,000   (1) (1) Common Stock 4,000 $0.00 4,000 D  
                               
Explanation of Responses:

(1)     Options are exercisable in one-third increments on May 1, 2004, May 1, 2005 and May 1, 2006. Options expire on May 1, 2010.

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). BRIAN SILVA
**Signature of Reporting Person
Brian Silva, as Attorney-in-Fact
May 2, 2003
Date
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