Azeez Hayne - 25 Feb 2022 Form 4 Insider Report for URBAN OUTFITTERS INC (URBN)

Role
CAO & General Counsel
Signature
/s/ Azeez Hayne
Issuer symbol
URBN
Transactions as of
25 Feb 2022
Net transactions value
-$115,063
Form type
4
Filing time
01 Mar 2022, 17:48:36 UTC
Previous filing
17 Nov 2021
Next filing
10 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction URBN Common Shares Options Exercise +6,666 6,666 25 Feb 2022 Direct F1
transaction URBN Common Shares Tax liability $58,365 -2,177 -33% $26.81 4,489 25 Feb 2022 Direct
transaction URBN Common Shares Options Exercise +6,667 +149% 11,156 28 Feb 2022 Direct F1
transaction URBN Common Shares Tax liability $56,698 -2,061 -18% $27.51 9,095 28 Feb 2022 Direct
holding URBN Common Shares 8,827 25 Feb 2022 as Trustee

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction URBN Performance Based Restricted Stock Unit Options Exercise $0 -6,666 -33% $0.000000 13,334 25 Feb 2022 Common Shares 6,666 Direct F1, F2
transaction URBN Performance Based Restricted Stock Unit Options Exercise $0 -6,667 -50% $0.000000 6,667 28 Feb 2022 Common Shares 6,667 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares.
F2 One-third of the total number of PSUs are eligible to vest on each of February 25, 2022, 2023 and 2024, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's average operating profit margin for the fiscal years 2021, 2022, 2023 and 2024.
F3 One-third of the total number of PSUs are eligible to vest on each of February 26, 2021, 2022 and 2023, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's average operating profit margin for the fiscal years 2020, 2021, 2022 and 2023.