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CTRC Centric Brands Inc

0.1608
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Centric Brands Inc NASDAQ:CTRC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.1608 0.19 0.20 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

03/01/2020 9:42pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Rabin Jason
2. Issuer Name and Ticker or Trading Symbol

Centric Brands Inc. [ CTRC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

350 5TH AVE, 6TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2019
(Street)

NEW YORK, NY 10118
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.10 per share 12/31/2019  M  1230000 A (1)4588000 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)12/31/2019  M     1230000  12/31/2019 12/31/2019 Common Stock, par value $0.10 per share 1230000 $0 (1)2870000 (2)D  

Explanation of Responses:
(1) The reporting person previously received an inducement grant of 4,100,000 Restricted Stock Units ("RSUs") each representing a contingent right to receive one share of common stock of Centric Brands Inc. and previously reported on Table II of a Form 4. These RSUs vested in accordance with the terms of the inducement grant.
(2) The remaining RSUs received in the inducement grant will vest as follows: (i) 1,230,000 RSUs will vest on December 31, 2020; and (ii) 1,640,000 RSUs will vest on December 31, 2021, respectively.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Rabin Jason
350 5TH AVE
6TH FLOOR
NEW YORK, NY 10118
X
Chief Executive Officer

Signatures
/s/ Lori Nembirkow, as Attorney-In-Fact1/3/2020
**Signature of Reporting PersonDate

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