0001209191-11-019173.txt : 20110322 0001209191-11-019173.hdr.sgml : 20110322 20110322152954 ACCESSION NUMBER: 0001209191-11-019173 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110318 FILED AS OF DATE: 20110322 DATE AS OF CHANGE: 20110322 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Haverkost Ken CENTRAL INDEX KEY: 0001414858 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06695 FILM NUMBER: 11703857 MAIL ADDRESS: STREET 1: 5555 DARROW ROAD CITY: HUDSON STATE: OH ZIP: 44236 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: JO-ANN STORES INC CENTRAL INDEX KEY: 0000034151 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 340720629 STATE OF INCORPORATION: OH FISCAL YEAR END: 0131 BUSINESS ADDRESS: STREET 1: 5555 DARROW RD CITY: HUDSON STATE: OH ZIP: 44236 BUSINESS PHONE: 3306562600 MAIL ADDRESS: STREET 1: 5555 DARROW ROAD CITY: HUDSON STATE: OH ZIP: 44236 FORMER COMPANY: FORMER CONFORMED NAME: FABRI CENTERS OF AMERICA INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CLEVELAND FABRIC SHOPS INC NUMBER THREE DATE OF NAME CHANGE: 19681216 FORMER COMPANY: FORMER CONFORMED NAME: CLEVELAND FABRIC SHOPS INC DATE OF NAME CHANGE: 19681216 4 1 doc4.xml FORM 4 SUBMISSION X0303 4 2011-03-18 1 0000034151 JO-ANN STORES INC JAS 0001414858 Haverkost Ken 5555 DARROW ROAD HUDSON OH 44236 0 1 0 0 Executive Vice President Common Stock 2011-03-18 4 D 0 52576 61.00 D 0 D Stock Options (Right to Buy) 43.58 2011-03-18 4 D 0 3094 0.00 D 2011-03-18 2011-03-18 Common Stock 3094 0 D Stock Options (Right to Buy) 40.33 2011-03-18 4 D 0 4921 0.00 D 2011-03-18 2011-03-18 Common Stock 4921 0 D Stock Options (Right to Buy) 12.68 2011-03-18 4 D 0 17872 48.32 D 2011-03-18 2011-03-18 Common Stock 17872 0 D Stock Options (Right to Buy) 13.52 2011-03-18 4 D 0 26714 47.48 D 2011-03-18 2011-03-18 Common Stock 26714 0 D Stock Options (Right to Buy) 15.70 2011-03-18 4 D 0 22886 45.30 D 2011-03-18 2011-03-18 Common Stock 22886 0 D Disposed of pursuant to the merger agreement, dated as of December 23, 2010, by and among the Company, Needle Holdings Inc. and Needle Merger Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, effective as of March 18, 2011, the Company's common shares were automatically cancelled and converted into the right to receive $61.00 in cash. Pursuant to an individual agreement entered into in connection with the merger, these options were exchanged for options to purchase 72 shares of Needle Holdings Inc.'s common stock for $250 per share. Pursuant to an individual agreement entered into in connection with the merger, these options were exchanged for options to purchase 136 shares of Needle Holdings Inc.'s common stock for $250 per share. Disposed of pursuant to the Merger Agreement. Of these 17,872 options, 397 options, whether vested or unvested, were cancelled and converted into the right to receive per share the excess of $61.00 over the per share exercise price, less any required withholding taxes. Of these 17,872 options, 17,475 were were exchanged for options to purchase 1,126 shares of Needle Holdings Inc.'s common stock for $250 per share. Disposed of pursuant to the Merger Agreement. Options, whether vested or unvested, were cancelled and converted into the right to receive per share the excess of $61.00 over the per share exercise price, less any required withholding taxes. /s/Ken Haverkost 2011-03-22