0000912833-17-000009.txt : 20170316
0000912833-17-000009.hdr.sgml : 20170316
20170316192340
ACCESSION NUMBER: 0000912833-17-000009
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20170314
FILED AS OF DATE: 20170316
DATE AS OF CHANGE: 20170316
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: WEST MARINE INC
CENTRAL INDEX KEY: 0000912833
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
IRS NUMBER: 770355502
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1229
BUSINESS ADDRESS:
STREET 1: 500 WESTRIDGE DRIVE
CITY: WATSONVILLE
STATE: CA
ZIP: 95076-4100
BUSINESS PHONE: 8317282700
MAIL ADDRESS:
STREET 1: 500 WESTRIDGE DRIVE
CITY: WATSONVILLE
STATE: CA
ZIP: 95076
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rutenis Paul
CENTRAL INDEX KEY: 0001600348
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22512
FILM NUMBER: 17696077
MAIL ADDRESS:
STREET 1: 500 WESTRIDGE DRIVE
CITY: WATSONVILLE
STATE: CA
ZIP: 95076
4
1
wf-form4_148970660488825.xml
FORM 4
X0306
4
2017-03-14
0
0000912833
WEST MARINE INC
WMAR
0001600348
Rutenis Paul
500 WESTRIDGE DRIVE
WATSONVILLE
CA
95076
0
1
0
0
EVP - Merchandising
Common Stock
2017-03-14
2017-03-14
4
A
0
15935
0
A
55394
D
Common Stock
2017-03-14
2017-03-14
4
A
0
1927
9.25
A
57321
D
Common Stock
2017-03-14
2017-03-14
4
F
0
645
9.25
D
56676
D
Common Stock
2017-03-14
2017-03-14
4
F
0
2044
9.25
D
54632
D
This award of restricted stock units ("RSUs") vests in three annual installments of 33%, 33% and 34% on March 14, 2018, 2019 and 2020, respectively.
This award of RSUs was issued pursuant to the terms of the West Marine, Inc. Omnibus Equity Incentive Plan, as amended and restated. Each RSU represents a contingent right to receive one share of common stock upon vesting.
Includes 2,941 shares received in October 2016 under the Issuer's Amended and Restated Associate Stock Purchase Plan.
Performance-based restricted stock units ("PVUs") awarded on March 14, 2016 were subject to the achievement of a certain pre-established metric over the one-year performance period ending at the end of fiscal 2016. The Compensation and Leadership Development Committee of the Issuer's Board of Directors certified the performance metric and determined the number of PVUs that were earned. The PVUs vest over a three year period, of which 33% vested on the first anniversary (March 14, 2017), another 33% vesting on the second anniversary of the grant date and 34% vesting on the third anniversary of the grant date, in each case subject to the continued employment with the Issuer. Upon vesting, each PVU has the same terms as the RSUs, as described and included in footnote 1.
Shares withheld to cover the income taxes related to the vesting of 1,927 PVUs on March 14, 2017.
Shares withheld to cover the income taxes related to the vesting of 5,286 RSUs on March 14, 2017. These RSUs were awarded on March 14, 2016 and the remaining 10,735 RSUs vest 33% and 334% on March 14, 2018 and 2019, respectively.
Includes 41,410 unvested RSUs. Does not include 6,477 unvested PVUs.
Pamela Fields, attorney-in-fact
2017-03-16
EX-24
2
poa-paulrutenis.txt
POWER OF ATTORNEY
LIMITED POWER OF ATTORNEY
Know all by these presents, that the undersigned, as an officer
of WEST MARINE, INC. (the "Company"), hereby constitutes and
appoints each of Pam Fields and Linda Kennedy, and
each of them signing singly, the undersigned's true and lawful
attorney-in-fact and agent to:
(1) execute for and on behalf of the undersigned, in the
undersigned's capacity as an officer and/or director of West
Marine, Forms 3, 4, and 5 in accordance with Section 16(a) of
the Securities Exchange Act of 1934 (the "Exchange Act") and
the rules thereunder;
(2) do and perform any and all acts for and on behalf of
the undersigned which may be necessary or desirable to complete
and execute any such Forms 3, 4, or 5, complete and execute any
amendment or amendments thereto, and timely file such forms with
the United States Securities and Exchange Commission (the "SEC")
and any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in
connection with the foregoing which, in the opinion of such
attorney-in-fact, may be necessary, desirable or legally required
in connection with the foregoing authority, it being understood
that the documents executed by such attorney-in-fact on behalf
of the undersigned pursuant to this Limited Power of Attorney
shall be in such form and shall contain such terms and conditions
as such attorney-in-fact may approve in such attorney-in-fact's
discretion.
The undersigned hereby grants to each such attorney-in-fact full
power and authority to do and perform any and every act and thing
whatsoever requisite, necessary, or proper to be done in the
exercise of any of the rights and powers herein granted, as fully
to all intents and purposes as the undersigned might or could do
if personally present, with full power of substitution or
revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-fact,
in serving in such capacity at the request of the undersigned, are
not assuming, nor is the Company assuming, any of the undersigned's
responsibilities to comply with Section 16 of the Exchange Act.
This Limited Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms 3, 4, and
5 with respect to the undersigned's holdings of and transactions in
securities of the Company, unless earlier revoked by the undersigned
in a signed writing delivered to the foregoing attorneys-in-fact.
This Power of Attorney may be filed with the SEC as a confirming
statement of the authority granted herein.
IN WITNESS WHEREOF, the undersigned has caused this Limited Power
of Attorney to be executed as of this 29th day of May, 2015.
Signature /s/ Paul Rutenis
Print Name Paul Rutenis
WITNESS:
Signature /s/ Amanda Coullahan
Print Name Amanda Coullahan