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Filing Details

Accession Number:: 0001209191-18-050490
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-09-11 16:37:46
Reporting Period:: 2018-09-11

Accepted Time:: 2018-09-11 16:37:46
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1524025	Tilly's Inc.	TLYS	Retail-Apparel & Accessory Stores (5600)	452164791

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1548777	Hezy Shaked	C/O Tilly'S, Inc. 10 Whatney Irvine CA 92618	Chief Strategy Officer	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2018-09-11	2,258,438	$0.00	2,258,438	No	4	C	Direct
Class A Common Stock	Disposition	2018-09-11	2,258,438	$18.50	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2018-09-11	100,000	$12.31	100,000	No	4	C	Direct
Class A Common Stock	Disposition	2018-09-11	100,000	$18.50	0	No	4	S	Direct
Class A Common Stock	Disposition	2018-09-11	520,611	$18.50	0	No	4	S	Indirect	BY LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct
No	4	C	Direct
No	4	S	Direct
No	4	S	Indirect	BY LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2018-09-11	2,258,438	$0.00	2,258,438	$0.00
Class A Common Stock	Stock Option (Right to Buy)	Disposition	2018-09-11	100,000	$0.00	100,000	$12.31

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,799,367			No	4	C	Direct
0		2024-03-24	No	4	M	Direct

Footnotes

The shares reported herein are held in The Hezy Shaked Living Trust under which the Reporting Person is trustee and beneficiary. Pursuant to a voting trust agreement with Tilly Levine, the Reporting Person has the right to vote certain shares of Class A Common Stock and Class B Common Stock held by Tilly Levine (the "Levine Shares"). Tilly Levine has filed a Form 3 and subsequent Forms 4 with respect to the Levine Shares. The Reporting Person does not have any pecuniary interest in the Levine Shares and thus disclaims beneficial ownership of such shares.
The sales reported in this Form 4 were effected in a public underwritten secondary offering (the "Offering") pursuant to a Registration Statement on Form S-3 (File. No. 333-226209).
The price reported in column 4 reflects the public offering price of $18.50 per share pursuant to the terms of the Offering, and excludes underwriting commissions and discounts.
Represents shares held by a limited liability company (the "LLC") of which the Reporting Person serves as the sole manager with sole voting and investment control over the securities held thereby. The Reporting Person disclaims beneficial ownership of the securities held by the LLC except to the extent of his pecuniary interest therein.
Class B Common Stock has no expiration date and is convertible on a one-for-one basis into shares of Class A Common Stock at the election of the holder or automatically upon the occurrence of certain events.
The shares subject to this stock option are fully vested.