James Grant Conroy - May 12, 2022 Form 4 Insider Report for Boot Barn Holdings, Inc. (BOOT)

Signature
/s/ James Grant Conroy
Stock symbol
BOOT
Transactions as of
May 12, 2022
Transactions value $
-$117,540
Form type
4
Date filed
5/16/2022, 08:32 PM
Previous filing
Apr 28, 2022
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOOT Common Stock Award $0 +24.1K +56.47% $0.00 66.9K May 12, 2022 Direct F1, F2
transaction BOOT Common Stock Tax liability -$118K -1.27K -4.33% $92.77 28K May 14, 2022 Direct F3
holding BOOT Common Stock 64.4K May 12, 2022 Direct F4

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 BOOT Options Award $0 +86.2K $0.00 86.2K May 12, 2022 Common Stock 86.2K $86.96 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of shares underlying restricted stock units granted under the Company's 2020 Equity Incentive Plan, subject to vesting over a three-year period in equal annual installments on each anniversary of the grant date.
F2 Consists of the total number of shares of common stock underlying restricted stock units held by the reporting person as of May 12, 2022 that remain subject to time-based vesting.
F3 On May 14, 2022, in connection with the vesting of shares underlying 2,554 previously disclosed restricted stock units, the issuer withheld 1,267 shares of common stock to satisfy withholding taxes due in connection with such vesting. Such shares had a market value of $92.77 per share, the closing price of the common stock on the first trading day following the vesting date. Amount of securities beneficially owned consists of the number of shares of common stock held by the reporting person as of May 16, 2022, including the shares awarded in connection with such vesting, but excluding any shares of common stock subject to further vesting conditions.
F4 Consists of the total number of shares of common stock underlying restricted stock units held by the reporting person as of May 16, 2022 that remain subject to time-based vesting.
F5 The Options were granted under the Company's 2020 Equity Incentive Plan and are subject to vesting on May 12, 2025 if (i) with respect to 33% of the shares of common stock issuable upon exercise of the Options, the average closing price of the common stock on the New York Stock Exchange during any consecutive 30 trading days between May 12, 2022 and May 12, 2025 (the "Average Trading Price") equals or exceeds 150% of the exercise price, (ii) with respect to an additional 33% if the Average Trading Price equals or exceeds 175% of the exercise price and (iii) with respect to an additional 34% if the Average Trading Price equals or exceeds 200% of the exercise price, in each case, subject to earlier vesting in connection with death, disability or a change in control.