Form 4 for PLAY Dave & Buster's Entertainment, Inc.
Accepted 2022-07-05 00:00:00 ET · period of report 2022-06-29 · accession 0001209191-22-040818 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-07-05 | 2022-06-29 | PLAY | MORRIS CHRISTOPHER DANIEL | CEO | A - Grant | $0.00 | +14.8K | 14.8K | New | $0 |
| DM | 2022-07-05 | 2022-06-29 | PLAY | MORRIS CHRISTOPHER DANIEL | CEO | A - Grant | $11.26 | +385.0K | 98.7K | New | +$4.33M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-06-29 | A | A | 14,806 | $0.00 | 14,806 | D | — | — | |
| 2 | Derivative | Performance Stock Units | 2022-06-29 | A | A | 98,706 | $0.00 | 98,706 | D | — · — to — | 98,706 Common Stock | (F4) Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from June 29, 2022 through June 29, 2027. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $101.31, based on the volume-weighted average price for the sixty (60) consecutive trading days ending on the June 29, 2027 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to June 29, 2027. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on June 29, 2027. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than June 29, 2027. |
| 3 | Derivative | Performance Stock Units | 2022-06-29 | A | A | 157,931 | $0.00 | 157,931 | D | — · — to — | 157,931 Common Stock | (F3) Represents the Target Achievable performance-based restricted stock units ("PSUs") for the five-year performance period from June 29, 2022 through June 29, 2027. The number of PSUs earned will equal to the Target Achievable PSUs if the Companys Common Stock share price is greater than or equal to $67.54, based on the volume-weighted average price for the sixty (60) consecutive trading days ending on the June 29, 2027 ("Target Price"). Early vesting may occur upon achievement of the Target Price prior to June 29, 2027. Upon the 1st early achievement of the Target Price, 25% of the PSUs will vest 1 year after such date; 25% of the PSUs will vest on 2 years after such date; and 50% of the PSUs ("Remaining PSUs") will vest on June 29, 2027. Upon the 2nd early achievement of the Target Price, 50% of the Remaining PSUs will vest 1 year after such date; and 50% of the Remaining PSUs will vest on 2 years after such date. No early vesting shall occur later than June 29, 2027. |
| 4 | Derivative | Stock Option (Right to Buy) | 2022-06-29 | A | A | 29,612 | $33.77 | 29,612 | D | — · — to — | 29,612 Common Stock | (F2) This grant is subject to Mr. Morris open market purchase of an aggregate of $1 million in the Registrants common stock, par value $0.01 per share (the "Common Stock") during an open trading window on or before October 14, 2022 (or the next available open trading window if the preceding trading windows are closed). Subject to the foregoing condition, the options vest in equal installments on June 29, 2022, 2023, 2024, 2025 and 2026. |
| 5 | Derivative | Stock Option (Right to Buy) | 2022-06-29 | A | A | 98,706 | $33.77 | 98,706 | D | — · — to — | 98,706 Common Stock | (F1) Vests in equal installments on June 29, 2022, 2023, 2024, 2025 and 2026. |