0001209191-11-019176.txt : 20110322 0001209191-11-019176.hdr.sgml : 20110322 20110322153609 ACCESSION NUMBER: 0001209191-11-019176 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: Kerr James CENTRAL INDEX KEY: 0001371010 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06695 FILM NUMBER: 11703877 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 0001371010 Kerr James 5555 DARROW ROAD HUDSON OH 44236 0 1 0 0 Executive Vice President Common Stock 2011-03-18 4 D 0 1591 61.00 D 0 I By Plan Common Stock 2011-03-18 4 D 0 48784 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 23829 48.32 D 2011-03-18 2011-03-18 Common Stock 23829 0 D Stock Options (Right to Buy) 13.52 2011-03-18 4 D 0 53427 47.48 D 2011-03-18 2011-03-18 Common Stock 53427 0 D Stock Options (Right to Buy) 25.00 2011-03-18 4 D 0 28474 36.00 D 2011-03-18 2011-03-18 Common Stock 28474 0 D Stock Options (Right to Buy) 14.05 2011-03-18 4 D 0 6250 46.95 D 2011-03-18 2011-03-18 Common Stock 6250 0 D Stock Options (Right to Buy) 12.42 2011-03-18 4 D 0 8000 48.58 D 2011-03-18 2011-03-18 Common Stock 8000 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. Reflects routine accumulation of shares held by reporting person through the 401(k) benefit plan as of 02/28/2011, based on internal records. Total includes 4584 shares acquired through the Company's Section 423 plan as of 3/18/2011. 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 23,829 options, 6,354 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 23,829 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/ James Kerr 2011-03-22