View:
Download DOC
Download PDF
Download XLS
SEC FORM 4 SEC Form 4
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 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Pfeifle Jeffrey
(Last) (First) (Middle)
C/O J. CREW GROUP, INC.
770 BROADWAY
(Street)
NEW YORK NY 10003
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
J CREW GROUP INC [ JCG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 06/04/2007 M 10,000 A $7.75 519,141(1) D
Common Stock par value $0.01 06/04/2007 S(2) 2,000 D $50.5025(3) 517,141(1) D
Common Stock par value $0.01 06/04/2007 S(2) 2,000 D $50.64(3) 515,141(1) D
Common Stock par value $0.01 06/04/2007 S(2) 2,000 D $50.8(3) 513,141(1) D
Common Stock par value $0.01 06/04/2007 S(2) 2,500 D $50.05(3) 510,641(1) D
Common Stock par value $0.01 06/04/2007 S(2) 1,500 D $50.0087(3) 509,141(1) D
Common Stock par value $0.01 06/05/2007 M 23,501 A $7.75 532,642(1) D
Common Stock par value $0.01 06/05/2007 S(2) 2,500 D $48.9(3) 530,142(1) D
Common Stock par value $0.01 06/05/2007 S(2) 2,500 D $49(3) 527,642(1) D
Common Stock par value $0.01 06/05/2007 S(2) 2,500 D $48.96(3) 525,142(1) D
Common Stock par value $0.01 06/05/2007 S(2) 2,500 D $48.9656(3) 522,642(1) D
Common Stock par value $0.01 06/05/2007 S(2) 2,500 D $49(3) 520,142(1) D
Common Stock par value $0.01 06/05/2007 S(2) 2,500 D $48.65(3) 517,642(1) D
Common Stock par value $0.01 06/05/2007 S(2) 2,500 D $48.9(3) 515,142(1) D
Common Stock par value $0.01 06/05/2007 S(2) 2,500 D $48.9(3) 512,642(1) D
Common Stock par value $0.01 06/05/2007 S(2) 1,001 D $48.9(3) 511,641(1) D
Common Stock par value $0.01 06/05/2007 S(2) 2,500 D $49.0316(3) 509,141(1) D
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) $7.75 06/04/2007 M 10,000 (4) 03/26/2014 Common Stock 10,000 $0 196,005(5) D
Stock Option (right to purchase) $7.75 06/05/2007 M 23,501 (4) 03/26/2014 Common Stock 23,501 $0 172,504(6) D
Explanation of Responses:
1. Includes 114,930 restricted shares of Common Stock, granted under an equity incentive plan of the issuer, of which 24,197 shares will vest on each of November 1, 2007 and November 1, 2008; 29,036 shares will vest on August 14, 2009; and, subject to the issuer's satisfaction of certain performance criteria over a three-year period commencing on May 15, 2007, 18,750 shares will vest on each of May 15, 2011 and May 15, 2012.
2. 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.
3. The sales prices reported on this Form 4 are averages of prices from multiple transactions. Please see Schedule A and B filed herewith as Exhibit 99.1 for individual transaction volumes and prices.
4. The options were exercisable as of February 1, 2005.
5. 34,001 of the options were exercisable on February 1, 2005; 54,001 of the options were exercisable on each of February 1, 2006 and February 1, 2007; and 54,002 of the options will vest and become exercisable on February 1, 2008.
6. 10,500 of the options were exercisable on February 1, 2005; 54,001 of the options were exercisable on each of February 1, 2006 and February 1, 2007; and 54,002 of the options will vest and become exercisable on February 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) 06/06/2007
** 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.
rrd143154_161386.html 
                                                               Exhibit 99.1

                       Schedule A
                       06/04/2007

                       Block 1
        Quantity                   Price
- ------------------------- -------------------------
          100                      50.51
          100                      50.50
          100                      50.54
          100                      50.50
         1,400                    50.50
          100                      50.50
          100                      50.50
- ------------------------- -------------------------
                       Block 2

        Quantity                   Price
- ------------------------- -------------------------
          400                      50.67
         1,200                     50.63
          100                      50.63
          100                      50.65
          100                      50.64
          100                      50.64
- ------------------------- -------------------------

                       Block 3
        Quantity                   Price
- ------------------------- -------------------------
          100                      50.80
          500                      50.80
         1,000                     50.80
          100                      50.80
          100                      50.80
          100                      50.80
          100                      50.80
- ------------------------- -------------------------

                       Block 4
        Quantity                   Price
- ------------------------- -------------------------
         1,700                     50.05
          100                      50.05
          700                      50.05
- ------------------------- -------------------------

                       Block 5
        Quantity                   Price
- ------------------------- -------------------------
          100                      50.03
          500                      50.01
          500                      50.00
          200                      50.00
          100                      50.03
          100                      50.02
- ------------------------- -------------------------

                       Schedule B
                       06/05/2007

                       Block 1
        Quantity                   Price
- ------------------------- -------------------------------
         2,500                     48.90
- ------------------------- -------------------------------

                       Block 2
        Quantity                   Price
- ------------------------- -------------------------------
          600                      49.00
          200                      49.00
          300                      49.00
          200                      49.00
          500                      49.00
          200                      49.00
          300                      49.00
          100                      49.00
          100                      49.00
- ------------------------- -------------------------------

                       Block 3
        Quantity                   Price
- ------------------------ -------------------------------
         2,200                     48.96
          300                      48.96
- ------------------------- -------------------------------

                       Block 4
        Quantity                   Price
- ------------------------- -------------------------------
          700                      48.98
         1,500                     48.96
          300                      48.96
- ------------------------- -------------------------------

                       Block 5
        Quantity                   Price
- ------------------------- -------------------------------
          300                      49.00
          100                      49.00
          100                      49.00
          100                      49.00
          100                      49.00
          500                      49.00
          800                      49.00
          100                      49.00
          400                      49.00
- ------------------------- -------------------------------

                       Block 6
        Quantity                   Price
- ------------------------- -------------------------------
          300                      48.65
          100                      48.65
          800                      48.65
          100                      48.65
          200                      48.65
          100                      48.65
          100                      48.65
          100                      48.65
          100                      48.65
          600                      48.65
- ------------------------- -------------------------------

                       Block 7
        Quantity                   Price
- ------------------------- -------------------------------
          100                      48.90
          100                      48.90
          100                      48.90
          200                      48.90
          200                      48.90
          200                      48.90
          300                      48.90
          200                      48.90
          300                      48.90
          200                      48.90
          100                      48.90
          100                      48.90
          100                      48.90
          100                      48.90
          200                      48.90
- ------------------------- -------------------------------

                       Block 8
        Quantity                   Price
- ------------------------- -------------------------------
          100                      48.90
          100                      48.90
          100                      48.90
          800                      48.90
         1,300                     48.90
          100                      48.90
- ------------------------- -------------------------------

                       Block 9
        Quantity                   Price
- ------------------------- -------------------------------
          100                      48.90
           1                       48.90
          100                      48.90
          400                      48.90
          400                      48.90
- ------------------------- -------------------------------

                       Block 10
        Quantity                   Price
- ------------------------- -------------------------------
          300                      49.04
          300                      49.03
          100                      49.04
          100                      49.03
          100                      49.03
          200                      49.03
          500                      49.03
          100                      49.03
          400                      49.03
          200                      49.03
          200                      49.03
- ------------------------- -------------------------------