Statement of Changes in Beneficial Ownership (4)
July 18 2014 - 10:43AM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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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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1. Name and Address of Reporting Person
*
LIEFF ANN S
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2. Issuer Name
and
Ticker or Trading Symbol
HASTINGS ENTERTAINMENT INC
[
HAST
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
3601 PLAINS BLVD
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3. Date of Earliest Transaction
(MM/DD/YYYY)
7/15/2014
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(Street)
AMARILLO, TX 79102
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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7/15/2014
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D
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22218
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D
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$66654.00
(1)
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0
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Common Stock (Right to Buy)
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$3.845
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6/19/2013
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D
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2530
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(3)
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(4)
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Common Stock
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2530
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(2)
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0
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D
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Common Stock (Right to Buy)
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$2.06
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6/19/2012
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D
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506
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(3)
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(4)
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Common Stock
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506
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$.94
(2)
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0
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D
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Common Stock (Right to Buy)
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$2.06
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6/19/2012
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D
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2024
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(3)
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(4)
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Common Stock
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2024
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(2)
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0
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D
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Common Stock (Right to Buy)
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$4.06
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6/19/2011
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D
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2530
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(3)
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(4)
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Common Stock
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2530
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(2)
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0
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D
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Common Stock (Right to Buy)
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$7.66
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6/19/2010
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D
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2530
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(3)
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(4)
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Common Stock
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2530
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(2)
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0
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D
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Common Stock (Right to Buy)
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$4.445
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6/19/2009
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D
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2530
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(3)
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(4)
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Common Stock
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2530
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(2)
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0
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D
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Common Stock (Right to Buy)
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$8.695
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6/19/2008
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D
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2530
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(3)
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(4)
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Common Stock
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2530
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(2)
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0
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D
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Common Stock (Right to Buy)
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$7.24
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6/19/2007
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D
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2530
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(3)
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(4)
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Common Stock
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2530
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(2)
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0
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D
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Common Stock (Right to Buy)
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$7.405
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6/7/2006
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D
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2024
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(3)
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(4)
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Common Stock
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2024
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(2)
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0
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D
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Explanation of Responses:
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(
1)
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Disposed of pursuant to Agreement and Plan of Merger, dated as of March 17, 2014, by and among Hastings Entertainment, Inc. ("Hastings"), Draw Another Circle, LLC and Hendrix Acquisition Corp. (the "Merger Agreement"), whereby each such share of Hastings Common Stock was converted into the right to receive $3.00, in cash and without interest.
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(
2)
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Pursuant to the Merger Agreement, all options to purchase Hastings Common Stock that were issued by Hastings were cancelled and terminated immediately upon the effective time of the Merger contemplated therein and, to the extent any such option was vested as of such effective time and had an exercise price of less than $3.00 per share, the holder of such option is entitled to receive an amount equal to the difference between $3.00 and the exercise price of such option multiplied by the number of Hastings Common Stock subject to such option, which amount shall be payable in cash and without interest. Notwithstanding the foregoing, all such options held by John Marmaduke, Dan Crow or Alan Van Ongevalle shall be cancelled and terminated without consideration, regardless of exercise price or vesting.
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(
3)
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Options vest 20% on each anniversary of the grant date.
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(
4)
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Options expire on the 10 year anniversary of the grant date.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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LIEFF ANN S
3601 PLAINS BLVD
AMARILLO, TX 79102
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X
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Signatures
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Ann Lieff
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7/18/2014
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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 control number.
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