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