| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
J CREW GROUP INC [ JCG ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/26/2007 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock par value $0.01 | 04/26/2007 | M | 81,005 | A | $3.53 | 552,646(2) | D | |||
| Common Stock par value $0.01 | 04/26/2007 | S(1) | 40,501 | D | $40.2334(3) | 512,145(2) | D | |||
| Common Stock par value $0.01 | 04/26/2007 | S(1) | 40,504 | D | $41.7973(4) | 471,641(2) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option (right to purchase) | $3.53 | 04/26/2007 | M | 81,005 | (5) | 02/20/2013 | Common Stock | 81,005 | $0 | 162,001(6) | D | ||||
| Explanation of Responses: |
| 1. The sales reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan entered into by Mr. Pfeifle on March 16, 2007. |
| 2. Includes 77,430 restricted shares of Common Stock, granted under an equity incentive plan of the issuer, of which 24,197 will vest on each of November 1, 2007 and November 1, 2008 and 29,036 will vest on August 14, 2009. |
| 3. The price reported on this Form 4 is an average of prices from multiple transactions. Please see Schedule A filed herewith as Exhibit 99.1 for individual transaction volumes and prices. |
| 4. The price reported on this Form 4 is an average of prices from multiple transactions. Please see Schedule B filed herewith as Exhibit 99.2 for individual transaction volumes and prices. |
| 5. 81,002 of the options were exercisable on 2/1/2006 and three of the options were exercisable on 2/1/2007. |
| 6. 81,000 of the options were exercisable on 2/1/2007 and 81,001 of the options will vest and become exercisable on 2/1/2008. |
| Remarks: |
| 7. Arlene S. Hong is signing on behalf of Jeffrey Pfeifle pursuant to an authorization and designation letter previously filed with the SEC. |
| /s/ Arlene S. Hong on behalf of Jeffrey Pfeifle (7) | 04/30/2007 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
Exhibit 99.1
Schedule A
|
Quantity |
Price |
|
100 |
41.73 |
|
100 |
41.76 |
|
500 |
41.75 |
|
100 |
41.76 |
|
100 |
41.75 |
|
900 |
41.76 |
|
100 |
41.75 |
|
100 |
41.75 |
|
200 |
41.84 |
|
300 |
41.81 |
|
100 |
41.8 |
|
1000 |
41.79 |
|
200 |
41.85 |
|
2300 |
41.78 |
|
100 |
41.83 |
|
2800 |
41.76 |
|
100 |
41.8 |
|
1000 |
41.85 |
|
1000 |
41.85 |
|
1000 |
41.84 |
|
1000 |
41.84 |
|
100 |
41.84 |
|
100 |
41.84 |
|
100 |
41.77 |
|
200 |
41.77 |
|
100 |
41.77 |
|
100 |
41.77 |
|
400 |
41.83 |
|
400 |
41.77 |
|
100 |
41.77 |
|
100 |
41.77 |
|
200 |
41.77 |
|
100 |
41.77 |
|
100 |
41.77 |
100 |
41.77 |
|
|
100 |
41.77 | |
|
300 |
41.77 | |
|
100 |
41.73 | |
|
100 |
41.73 | |
|
100 |
41.73 | |
|
100 |
41.72 | |
|
100 |
41.73 | |
|
200 |
41.73 | |
|
200 |
41.73 | |
|
100 |
41.73 | |
|
100 |
41.64 | |
|
100 |
41.71 | |
|
200 |
41.73 | |
|
300 |
41.7 | |
|
100 |
41.7 | |
|
100 |
41.7 | |
|
100 |
41.72 | |
|
100 |
41.84 | |
|
100 |
41.84 | |
|
100 |
41.84 | |
|
100 |
41.84 | |
|
100 |
41.84 | |
|
100 |
41.84 | |
|
100 |
41.84 | |
|
100 |
41.84 | |
|
200 |
41.84 | |
|
100 |
41.84 | |
|
100 |
41.84 | |
|
100 |
41.84 | |
|
100 |
41.86 | |
|
100 |
41.9 | |
|
100 |
41.85 | |
|
200 |
41.92 | |
|
400 |
41.92 | |
|
100 |
41.99 | |
|
1 |
41.68 | |
100 |
41.06 |
|
|
300 |
41.04 | |
|
200 |
41.18 | |
|
200 |
41.08 | |
|
500 |
41.02 | |
|
300 |
41.1 | |
|
600 |
40.99 | |
|
200 |
41 | |
|
200 |
40.97 | |
|
100 |
40.99 | |
|
100 |
40.99 | |
|
100 |
40.9 | |
|
200 |
40.88 | |
|
100 |
40.87 | |
|
400 |
40.87 | |
|
400 |
40.87 | |
|
100 |
40.87 | |
|
100 |
40.87 | |
|
700 |
40.87 | |
|
300 |
40.87 | |
|
500 |
40.86 | |
|
300 |
40.87 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
100 |
40.75 | |
|
200 |
40.75 | |
|
100 |
40.75 | |
|
300 |
40.75 | |
200 |
40.75 |
|
|
100 |
40.75 | |
|
1000 |
40.71 | |
|
100 |
40.74 | |
|
400 |
40.73 | |
|
500 |
40.69 | |
|
600 |
40.56 | |
|
100 |
40.56 | |
|
100 |
40.55 | |
|
100 |
40.55 | |
|
100 |
40.56 | |
|
100 |
40.56 | |
|
100 |
40.56 | |
|
100 |
40.56 | |
|
100 |
40.55 | |
|
100 |
40.55 | |
|
100 |
40.55 | |
|
100 |
40.55 | |
|
100 |
40.55 | |
|
100 |
40.55 | |
|
100 |
40.55 | |
|
100 |
40.55 | |
|
100 |
40.56 | |
|
100 |
40.56 | |
|
100 |
40.56 | |
|
100 |
40.56 | |
|
100 |
40.56 | |
|
200 |
40.56 | |
|
300 |
40.56 | |
|
100 |
40.55 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
100 |
40.54 |
|
100 |
40.54 |
|
200 |
40.48 |
|
|
200 |
40.51 | |
|
100 |
40.5 | |
|
100 |
40.52 | |
|
100 |
40.5 | |
|
100 |
40.5 | |
|
300 |
40.5 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.54 | |
|
100 |
40.53 | |
|
100 |
40.49 | |
|
100 |
40.49 | |
|
100 |
40.52 | |
|
100 |
40.54 | |
|
200 |
40.54 | |
|
100 |
40.53 | |
|
100 |
40.44 | |
|
200 |
40.44 | |
|
200 |
40.44 |
|
100 |
40.41 |
|
100 |
40.41 |
|
200 |
40.34 |
|
200 |
40.35 |
|
200 |
40.47 |
|
100 |
40.5 |
|
100 |
40.48 |
|
200 |
40.48 |
|
300 |
40.49 |
|
100 |
40.53 |
|
100 |
40.52 |
|
200 |
40.51 |
|
100 |
40.54 |
Exhibit 99.2
Schedule B
|
9400 |
41.6 |
|
100 |
41.57 |
|
400 |
41.52 |
|
100 |
41.51 |
|
5100 |
41.51 |
|
1000 |
41.51 |
|
400 |
41.64 |
|
200 |
41.63 |
|
100 |
41.6 |
|
200 |
41.6 |
|
100 |
41.61 |
|
200 |
41.64 |
|
100 |
41.64 |
|
100 |
41.74 |
|
200 |
41.74 |
|
100 |
41.71 |
|
2200 |
41.7 |
|
200 |
41.71 |
|
100 |
41.72 |
|
100 |
41.73 |
|
100 |
41.72 |
|
100 |
41.72 |
|
100 |
41.72 |
|
100 |
41.72 |
|
100 |
41.72 |
|
100 |
41.72 |
|
100 |
41.72 |
|
100 |
41.72 |
|
100 |
41.72 |
|
200 |
41.72 |
|
300 |
41.72 |
|
1600 |
41.71 |
|
100 |
41.71 |
|
100 |
41.71 |
|
300 |
41.72 |
|
100 |
41.81 |
|
100 |
41.88 |
|
100 |
41.94 |
|
100 |
41.94 |
|
100 |
41.92 |
|
200 |
41.9 |
|
300 |
41.99 |
|
300 |
42 |
|
100 |
41.99 |
|
200 |
42.01 |
|
100 |
41.97 |
|
200 |
41.98 |
|
300 |
42.04 |
|
200 |
42.05 |
|
100 |
42.03 |
|
300 |
42.05 |
|
1400 |
42.04 |
|
300 |
42.05 |
|
100 |
42.05 |
|
100 |
42.05 |
|
100 |
42.05 |
|
200 |
42.02 |
|
100 |
42 |
|
100 |
42.01 |
|
200 |
42.04 |
|
100 |
42.04 |
|
100 |
42.1 |
|
500 |
42.1 |
|
2400 |
41.99 |
|
100 |
42.04 |
|
900 |
41.96 |
|
100 |
42 |
|
100 |
42 |
|
900 |
41.94 |
|
300 |
41.97 |
|
100 |
41.96 |
|
100 |
41.96 |
|
100 |
41.96 |
|
100 |
41.96 |
|
100 |
41.96 |
|
100 |
41.96 |
|
100 |
41.97 |
|
900 |
42.01 |
|
100 |
42.06 |
|
800 |
42.01 |
|
200 |
42.26 |
|
200 |
42.25 |
|
400 |
42.25 |
|
100 |
42.25 |
|
100 |
42.25 |
|
100 |
42.28 |
|
100 |
42.29 |
|
100 |
42.29 |
|
100 |
42.4 |
|
100 |
42.47 |
|
300 |
42.47 |
|
100 |
42.45 |
|
100 |
42.43 |
|
100 |
42.4 |
|
100 |
42.41 |
|
100 |
42.39 |
|
100 |
42.39 |
|
100 |
42.5 |
|
700 |
42.46 |
|
4 |
42.52 |