Deborah H. Merrill - 22 Nov 2021 Form 4 Insider Report for DELTA APPAREL, INC

Reporting relationship: CFO & President, Delta Group
Issuer ticker: N/A
Reported as of: 22 Nov 2021
Net transaction value: -$516,892
SEC form: 4
Accepted by SEC: 24 Nov 2021, 15:13:26 UTC
Prior SEC filing: 13 Oct 2021
Next SEC filing: 07 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Deborah H. Merrill

Key filing fact

Deborah H. Merrill filed Form 4 for DELTA APPAREL, INC on 24 Nov 2021.

Key facts

This page summarizes Deborah H. Merrill's Form 4 filing for DELTA APPAREL, INC.
6 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 24 Nov 2021, 15:13.

Change

Previous filing in this sequence was filed on 13 Oct 2021.
Current net transaction value: -$516,892.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DLA transaction

Common Stock, $0.01 Par Value

Options Exercise

Transaction value: $0
Shares: +12,000
Change %: +8.1%
Price: $0.000000
Shares after: 159,731
Date: 22 Nov 2021
Ownership: Direct
Footnotes: F1, F2

DLA transaction

Common Stock, $0.01 Par Value

Disposed to Issuer

Transaction value: $180,060
Shares: -6,000
Change %: -3.8%
Price: $30.01
Shares after: 153,731
Date: 22 Nov 2021
Ownership: Direct
Footnotes: F3

DLA transaction

Common Stock, $0.01 Par Value

Award

Transaction value: $0
Shares: +12,720
Change %: +8.3%
Price: $0.000000
Shares after: 166,451
Date: 22 Nov 2021
Ownership: Direct
Footnotes: F2, F4

DLA transaction

Common Stock, $0.01 Par Value

Disposed to Issuer

Transaction value: $190,864
Shares: -6,360
Change %: -3.8%
Price: $30.01
Shares after: 160,091
Date: 22 Nov 2021
Ownership: Direct
Footnotes: F5

DLA transaction

Common Stock, $0.01 Par Value

Tax liability

Transaction value: $145,969
Shares: -4,864
Change %: -3%
Price: $30.01
Shares after: 155,227
Date: 22 Nov 2021
Ownership: Direct
Footnotes: F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DLA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -12,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 22 Nov 2021
Ownership: Direct
Underlying class: Common Stock, $0.01 Par Value
Underlying amount: 12,000
Exercise price
Footnotes: F2, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

These shares were acquired in connection with the vesting of service-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.

Footnote F2

Each restricted stock unit represents the right to receive one share of common stock of Delta Apparel, Inc. or the cash equivalent.

Footnote F3

These shares were disposed of in connection with the conversion of half of the 12,000 vested restricted units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.

Footnote F4

These shares were acquired in connection with the vesting of performance-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.

Footnote F5

These shares were disposed of in connection with the conversion of half of the 12,720 vested restricted units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.

Footnote F6

These shares were withheld by Delta Apparel, Inc. for the payment of a tax liability incident to the vesting of both performance-based and service-based restricted stock units.

Footnote F7

The restricted stock units vested upon the November 22, 2021, filing of the Company's Annual Report on Form 10-K for its fiscal year ended October 2, 2021.