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Filing Details

Accession Number:: 0001104659-16-095558
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-02-10 17:39:05
Reporting Period:: 2016-02-03

Filing Date:: 2016-02-10
Accepted Time:: 2016-02-10 17:39:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1168213	Aeropostale Inc	ARO	Retail-Apparel & Accessory Stores (5600)	311443880

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1489814	L Stefan Kaluzny	C/O Sycamore Partners 9 West 57Th Street New York NY 10019	No	No	No	Yes
1527024	Sycamore Partners Gp, L.l.c.	C/O Sycamore Partners 9 West 57Th Street New York NY 10019	No	No	No	Yes
1527025	Sycamore Partners Mm, L.l.c.	C/O Sycamore Partners 9 West 57Th Street New York NY 10019	No	No	No	Yes
1586782	Lemur Llc	C/O Sycamore Partners 9 West 57Th Street New York NY 10019	No	No	No	Yes
1609393	Aero Investors Llc	C/O Sycamore Partners 9 West 57Th Street New York NY 10019	No	No	No	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2016-02-04	30,792	$0.23	0	No	4	S	Direct
Common Stock	Disposition	2016-02-03	140,000	$0.24	6,110,000	No	4	S	Indirect	Shares held by entities controlled by the Reporting Persons
Common Stock	Disposition	2016-02-04	221,000	$0.24	5,889,000	No	4	S	Indirect	Shares held by entities controlled by the Reporting Persons
Common Stock	Disposition	2016-02-05	339,000	$0.21	5,550,000	No	4	S	Indirect	Shares held by entities controlled by the Reporting Persons
Common Stock	Disposition	2016-02-08	5,550,000	$0.17	0	No	4	S	Indirect	Shares held by entities controlled by the Reporting Persons

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	Shares held by entities controlled by the Reporting Persons
No	4	S	Indirect	Shares held by entities controlled by the Reporting Persons
No	4	S	Indirect	Shares held by entities controlled by the Reporting Persons
No	4	S	Indirect	Shares held by entities controlled by the Reporting Persons

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,932,018	Indirect	Shares held by entities controlled by the Reporting Persons

Footnotes

These were restricted shares of the Issuer's common stock which were granted to Stefan L. Kaluzny upon his appointment to the Board of Directors on May 23, 2014 as part of the Issuer's Board member compensation program. The restricted shares vested on May 23, 2015. Mr. Kaluzny served on the Board of Directors until his term expired at the Company's 2015 annual meeting of stockholders.
Mr. Kaluzny was appointed to the Board of Directors by virtue of the terms of that certain Investor Rights Agreement between the Issuer and Aero Investors LLC and the terms of the Certificate of Designation of Preferences of Convertible Series B Preferred Stock of the Issuer. Pursuant to such agreements, Aero Investors LLC or (or Sycamore Partners Management L.L.C. and any of its affiliates who is a transferee thereof) had the right to designate up to two directors to the Issuer's Board of Directors. Accordingly, Mr. Kaluzny had assigned all rights to compensation he received in connection with his position on the Issuer's Board of Directors, including equity compensation, to the management company he controls, Sycamore Partners Management, L.L.C., which is controlled by Sycamore Partners MM, L.L.C.
Represents 3,932,018 shares of common stock of the Issuer that are issuable in the future upon the full conversion of 1,000 shares of the Series B Preferred Stock of the Issuer upon payment of the conversion price ($7.25 per share of preferred stock).
These securities are beneficially owned by Aero Investors LLC, which is a member of a "group" with Lemur LLC, Sycamore Partners GP, L.L.C., Sycamore Partners MM, L.L.C. and Mr. Kaluzny for purposes of Section 13(d) of the Exchange Act. Sycamore Partners GP, L.L.C. is the general partner or managing member, as applicable, of each of the members of Aero Investors LLC. Sycamore Partners MM, L.L.C. is the managing member of Sycamore Partners GP, L.L.C. Mr. Kaluzny is the managing member of Sycamore Partners MM, L.L.C. and Aero Investors LLC. As a result, each of Sycamore Partners GP, L.L.C., Sycamore Partners MM, L.L.C. and Mr. Kaluzny may be deemed to be the beneficial owners of the shares of common stock deemed to be beneficially owned by Aero Investors LLC.