Filing Details

Accession Number:
0001181431-13-010264
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-02-15 19:36:47
Reporting Period:
2013-02-15
Filing Date:
2013-02-15
Accepted Time:
2013-02-15 19:36:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
863456 Wet Seal Inc WTSLA Retail-Women's Clothing Stores (5621) 330415940
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1273687 D John Goodman 26972 Burbank
Foothill Ranch CA 92610
Chief Executive Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Class A Acquisiton 2013-02-15 200 $3.09 407,856 No 4 P Direct
Common Stock Class A Acquisiton 2013-02-15 218,192 $3.03 626,048 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 A Direct
Footnotes
  1. Pursuant to the terms of his Employment Agreement, since Mr. Goodman has purchased in excess of $650,000 of the Company's Class A Common Stock within his first ninety (90) days of employment, the Company has issued one share of restricted stock to Mr. Goodman for each share of Class A Common Stock purchased by him through his first $650,000 of purchases (the "Bonus Restricted Stock".) The Bonus Restricted Stock was granted pursuant to The Wet Seal, Inc. 2005 Stock Incentive Plan (the "Plan). The Bonus Restricted Stock will vest with respect to 72,731 of the shares on the next two (2) anniversaries and with respect to 72,730 of the shares on the third anniversary of the Date of Grant, subject to Mr. Goodman's Continuous Service (as defined by the Plan) with the Company on each of those vesting dates and subject to his continuous holding of the related purchased stock.