0001209191-14-071643.txt : 20141126 0001209191-14-071643.hdr.sgml : 20141126 20141126210040 ACCESSION NUMBER: 0001209191-14-071643 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20141124 FILED AS OF DATE: 20141126 DATE AS OF CHANGE: 20141126 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CROWN CRAFTS INC CENTRAL INDEX KEY: 0000025895 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILLS, COTTON [2211] IRS NUMBER: 580678148 STATE OF INCORPORATION: DE FISCAL YEAR END: 0328 BUSINESS ADDRESS: STREET 1: 916 SOUTH BURNSIDE AVENUE CITY: GONZALES STATE: LA ZIP: 70737 BUSINESS PHONE: 225-647-9100 MAIL ADDRESS: STREET 1: PO BOX 1028 CITY: GONZALES STATE: LA ZIP: 70707 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CHESTNUT E RANDALL CENTRAL INDEX KEY: 0001238899 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07604 FILM NUMBER: 141254829 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2014-11-24 0 0000025895 CROWN CRAFTS INC CRWS 0001238899 CHESTNUT E RANDALL P.O. BOX 1028 GONZALES LA 70707-1028 1 1 0 0 President and CEO Common Stock 2014-11-24 4 D 0 75000 0.00 D 725968 D Common Stock 2014-11-24 4 A 0 75000 0.00 A 800968 D Common Stock 2014-11-24 4 F 0 4795 7.24 D 796173 D The two reported transactions reflect the amendment of an outstanding restricted stock award, resulting in the deemed cancellation of the restricted stock award originally granted to the Reporting Person on June 23, 2010 and the grant of a replacement award for the same number of shares. The prior restricted stock award, made pursuant to the Issuer's 2006 Omnibus Incentive Plan, with the condition to vesting that the trading price of the Issuer's common stock close at or above $6.00 per share for ten (10) days during any thirty (30) consecutive trading day period prior to July 29, 2015 having been met, was amended by the replacement award to provide that 10,000 shares of the common stock subject to such award shall be vested as of November 24, 2014. The vesting date of the award's remaining 65,000 shares remains July 29, 2015. This transaction represents the withholding of 4,795 shares of common stock to satisfy the tax withholding obligations incurred by the Reporting Person upon the vesting of a portion of the restricted stock award of 75,000 shares of common stock originally awarded to the Reporting Person on June 23, 2010 and amended on November 24, 2014 to accelerate the vesting of 10,000 of such shares from July 29, 2015 to November 24, 2014. The purpose of the amendment is to accelerate the vesting of a portion of the grant into the Issuer's current taxable year in order to preserve the deductibility of such amount to the Issuer for income tax purposes. /s/ Olivia Elliott on behalf of E. Randall Chestnut 2014-11-26