JONATHAN DUSKIN - 06 Jan 2022 Form 4 Insider Report for Citi Trends Inc (CTRN)

Role
Director
Signature
/s/ Jonathan Duskin
Issuer symbol
CTRN
Transactions as of
06 Jan 2022
Net transactions value
$0
Form type
4
Filing time
10 Jan 2022, 17:28:44 UTC
Previous filing
17 Jun 2021
Next filing
15 Jun 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTRN Common Stock, $0.01 par value Other $0 -179,514 -76% $0.000000 57,396 06 Jan 2022 By Macellum SPV III, LP F2, F3
holding CTRN Common Stock, $0.01 par value 8,294 06 Jan 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of restricted stock awarded to Mr. Duskin in his capacity as a director of the Issuer. The restricted stock will vest on the earlier of (i) one year after the date of grant, which would be June 16, 2022 or (ii) the date of the annual meeting of the Company's stockholders in 2022, provided Mr. Duskin is a director of the Issuer at such time.
F2 Represents securities of the Issuer owned directly by Macellum SPV III, LP ("Macellum SPV"). Macellum Management, LP ("Macellum Management") serves as the investment manager of Macellum SPV. Macellum Advisors GP, LLC ("Macellum GP") serves as the general partner of Macellum Management and Macellum SPV. As the sole member of Macellum GP, Mr. Duskin may be deemed to beneficially own the securities of the Issuer owned directly by Macellum SPV. Mr. Duskin disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3 Represents a pro rata distribution from Macellum SPV to its investors for no consideration.