Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CHS | Common Stock | Disposed to Issuer | -101K | -100% | 0 | Jan 5, 2024 | Direct | F1, F2 |
Wendy L. Hufford is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | Includes awards of restricted stock ("RSAs") held by the Reporting Person and shares acquired under the Chico's FAS, Inc. 2021 Employee Stock Purchase Plan. Pursuant to the Agreement and Plan of Merger ("Merger Agreement"), dated as of September 27, 2023, by and among Chico's FAS, Inc., Daphne Parent LLC, a Delaware limited liability company, and Daphne Merger Sub, Inc., a Florida corporation, (i) each share of common stock that was outstanding immediately prior to the effective time of the merger contemplated by the Merger Agreement ("Effective Time") was cancelled and automatically converted into the right to receive $7.60 per share in cash, and (ii) each unvested RSA that was outstanding immediately prior to the Effective Time became fully vested, cancelled, and automatically converted into the right to receive an amount in cash equal to the product of (a) the number of shares of common stock subject to such RSA, multiplied by (b) $7.60, subject to any required withholding of taxes. |
F2 | Includes 3,193 shares acquired under the Chico's FAS, Inc. 2021 Employee Stock Purchase Plan between April 30, 2023 and October 31, 2023. |