Filing Details

Accession Number:
0000899243-17-014556
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-05-26 16:38:17
Reporting Period:
2017-05-24
Filing Date:
2017-05-26
Accepted Time:
2017-05-26 16:38:17
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
878726 Tuesday Morning Corp TUES Retail-Variety Stores (5331) 752398532
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1349005 R Steven Becker 500 Crescent Court, Suite 230
Dallas TX 75201
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2017-05-24 1,049,782 $0.00 194,405 No 4 J Indirect See Footnotes
Common Stock Acquisiton 2017-05-24 40,100 $1.85 593,137 No 4 P Direct
Common Stock Disposition 2017-05-25 173,941 $0.00 20,464 No 4 J Indirect See Footnotes
Common Stock Acquisiton 2017-05-25 50,000 $1.80 643,137 No 4 P Direct
Common Stock Disposition 2017-05-26 20,464 $0.00 0 No 4 J Indirect See Footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Indirect See Footnotes
No 4 P Direct
No 4 J Indirect See Footnotes
No 4 P Direct
No 4 J Indirect See Footnotes
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Non-Qualified Stock Option (Right to Buy) $6.71 2026-09-01 248,385 248,385 Direct
Common Stock Non-Qualified Stock Option (Right to Buy) $5.64 2026-02-02 295,508 295,508 Direct
Common Stock Non-Qualified Stock Option (Right to Buy) $4.22 2022-07-01 10,000 10,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-09-01 248,385 248,385 Direct
2026-02-02 295,508 295,508 Direct
2022-07-01 10,000 10,000 Direct
Footnotes
  1. Represents shares of common stock of Tuesday Morning Corporation, par value $0.01 per share ("Shares"), that were distributed by Western Family Value I, L.P. ("WFV I") on a pro rata basis to partners of WFV I (the "WFV Distribution").
  2. This statement is filed by and on behalf of Steven R. Becker. Mr. Becker and WFV I are the direct beneficial owners of the securities covered by this statement.
  3. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
  4. Mr. Becker is a limited partner of, and may be deemed to beneficially own certain securities owned by, WFV I. Western Family Value, LLC ("WFV") is the general partner of, and may be deemed to beneficially own securities owned by, WFV I. Mr. Becker is the sole member of, and may be deemed to beneficially own securities owned by, WFV.
  5. Represents Shares directly beneficially owned by WFV I.
  6. Includes 204,635 Shares received by Mr. Becker from WFV I as a result of the WFV Distribution. The acquisition of such Shares by Mr. Becker in the WFV Distribution constituted a change in the form of beneficial ownership without a change in pecuniary interest that is exempt from Section 16 of the Exchange Act pursuant to Rule 16a-13 thereunder. Rule 16a-9(a) under the Exchange Act may also exempt the acquisition of such Shares by Mr. Becker in the WFV Distribution from Section 16 of the Exchange Act.
  7. The option vests in equal annual installments over four years beginning on the first anniversary of the grant date. The option was granted to Mr. Becker on September 1, 2016 pursuant to the Tuesday Morning Corporation 2014 Long-Term Incentive Plan.
  8. The option vests in equal annual installments over four years beginning on the first anniversary of the grant date. The option was granted to Mr. Becker on February 2, 2016 pursuant to the Tuesday Morning Corporation 2014 Long-Term Incentive Plan.
  9. The option is fully vested and currently exercisable, and was granted to Mr. Becker on July 1, 2012 pursuant to the Tuesday Morning Corporation 2004 Long-Term Equity Incentive Plan.