Frank Conforti - Feb 25, 2022 Form 4 Insider Report for URBAN OUTFITTERS INC (URBN)

Role
Co-President & COO
Signature
/s/ Frank Conforti
Stock symbol
URBN
Transactions as of
Feb 25, 2022
Transactions value $
-$351,245
Form type
4
Date filed
3/1/2022, 06:00 PM
Previous filing
Mar 17, 2022
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction URBN Common Shares Options Exercise +13.3K +150.95% 22.2K Feb 25, 2022 Direct F1
transaction URBN Common Shares Tax liability -$111K -4.13K -18.63% $26.81 18K Feb 25, 2022 Direct
transaction URBN Common Shares Options Exercise +13.3K +73.92% 31.4K Feb 28, 2022 Direct F1
transaction URBN Common Shares Tax liability -$127K -4.62K -14.73% $27.51 26.7K Feb 28, 2022 Direct
transaction URBN Common Shares Options Exercise +13.3K +49.85% 40.1K Feb 28, 2022 Direct F1
transaction URBN Common Shares Tax liability -$113K -4.12K -10.29% $27.51 36K Feb 28, 2022 Direct
holding URBN Common Shares 531 Feb 25, 2022 By Profit Sharing Fund (401(k) Plan)

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 -13.3K -33.33% $0.00 26.7K Feb 25, 2022 Common Shares 13.3K Direct F1, F2
transaction URBN Performance Based Restricted Stock Unit Options Exercise $0 -13.3K -50% $0.00 13.3K Feb 28, 2022 Common Shares 13.3K Direct F1, F3
transaction URBN Performance Based Restricted Stock Unit Options Exercise $0 -13.3K -100% $0.00* 0 Feb 28, 2022 Common Shares 13.3K Direct F1, F4
* 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.
F4 One-third of the total number of PSUs are eligible to vest on each of February 27, 2020, 2021 and 2022, 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 2019, 2020, 2021 and 2022; provided, however, that on the three vesting dates, the number of PSUs that vest is limited to the number of PSUs multiplied by three times the fair market value ("FMV") of the issuer's common shares on the grant date, divided by the FMV of the issuer's common shares on the day before the applicable vesting date. This limitation caps the number of shares that may be registered under the award at three times the FMV of the award on the grant date.