The Michaels Companies (MIK) director Mahoney gifted 15,905 shares

Insider transactions reported

John Mahoney (director at The Michaels Companies, Inc., MIK) reported that they gifted 15,905 shares, and disposed of 33,668 shares at $22.00 between Mar 29, 2021 and Apr 15, 2021. After these transactions the filing shows 0 shares held directly.

Reporting person

Mahoney John

Options and other derivatives

Holdings before and after

• Common Stock: 49,573 to 0 direct
• Restricted Stock Units: 5,280 to 0 direct

Footnotes from the filing

1. 1. The transaction reported is a charitable gift by the Reporting Person of 15,905 shares of the Issuer's common stock to a donor advised fund.
2. 2. Pursuant to the terms of the Merger Agreement, these shares of the Issuer's common stock were tendered and disposed of at the Acceptance Time in exchange for the right to receive $22.00 per share of common stock, net to the seller, in cash, without interest and less any applicable withholding taxes (the Merger Consideration ).
3. 3. Pursuant to the Merger Agreement, at or immediately prior to the Effective Time, each award of restricted stock units with respect to shares of the Issuer's common stock subject to vesting based solely on continued employment or service to the Issuer or any of its subsidiaries (each, a Restricted Stock Unit ) that was then outstanding was cancelled and converted into the right to receive an amount in cash equal to (a) the number of shares subject to such Restricted Stock Unit immediately prior to the Effective Time multiplied by (b) the Merger Consideration.

Transaction codes in this filing

Gift:

Code G marks a bona fide gift. No money changes hands.

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