0001498301-19-000032.txt : 20190503
0001498301-19-000032.hdr.sgml : 20190503
20190503084819
ACCESSION NUMBER: 0001498301-19-000032
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190501
FILED AS OF DATE: 20190503
DATE AS OF CHANGE: 20190503
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MUTO GARY
CENTRAL INDEX KEY: 0001187144
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-11736
FILM NUMBER: 19794219
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Ascena Retail Group, Inc.
CENTRAL INDEX KEY: 0001498301
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-APPAREL & ACCESSORY STORES [5600]
IRS NUMBER: 300641353
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0803
BUSINESS ADDRESS:
STREET 1: 933 MACARTHUR BOULEVARD
CITY: MAHWAH
STATE: NJ
ZIP: 07430
BUSINESS PHONE: 551.777.6700
MAIL ADDRESS:
STREET 1: 933 MACARTHUR BOULEVARD
CITY: MAHWAH
STATE: NJ
ZIP: 07430
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2019-05-01
0001498301
Ascena Retail Group, Inc.
ASNA
0001187144
MUTO GARY
C/O ASCENA RETAIL GROUP, INC.
933 MACARTHUR BOULEVARD
MAHWAH
NJ
07430
1
1
0
0
Chief Executive Officer
Common
224926
D
Restricted Stock Units
2019-05-01
4
A
0
1957627
0
A
Common
1957627
1957627
D
Options To Buy
1.17
2019-05-01
4
A
0
2750000
0
A
Common
2750000
2750000
D
Granted under the Company's 2016 Ominibus Incentive Plan.
Restricted stock units convert into common stock on a one-for-one basis.
Subject to the grantee's continued employment from the grant date through the applicable vesting date: 25% of each of the Restricted Stock Units (l"RSUs") and Non-Qualified Stock Options ("NQSOs") will be eligible to vest if the closing price of the Company's common stock equals or exceeds $3.00 per share for a 20-consecutive trading day period on or prior to the third anniversay of the grant date (the "$3 Hurdle"); an additional 25% of each of the RSUs and NQSOs will be eligible to vest if the closing price of the Company's common stock equals or exceeds $5 per share for a 20-consecutive trading day period on or prior to the third anniversary of the grant date (the "$5 Hurdle"); and the remaining 50% of each of the RSUs and NQSOs will be eligible to vest if the closing price of the Company's common stock equals or exceeds $7 per share for a 20-consecutive trading day period on or prior to the third annivesary of the grant date (the "$7 Hurdle" and together with the $3 Hurdle
and $5 Hurdle, the "Hurdles"); provided, however, if a Hurdle is actually achieved prior to the second anniverary of the grant date, the portion of the RSUs and NQSOs related to the Hurdle that was actually achieved prior to the second anniverary of the grant date will vest on the second anniversary of the grant date, subject to the grantee's continued employment from the grant date through the second anniversary of the grant date. Any portion of the RSUs and NQSOs for which the applicable Hurdle is not actually achieved by the third anniversary of the grant date will be forfeited for no consideration.
Note: Footnotes 3 and 4 is one footnote due to the length of the explanation.
Mary Beth Riley, Power of Attorney
2019-05-03