Shelly Radue Ibach, Select Comfort Corporation's President and CEO and a director of the company, has just filed an initial statement of beneficial ownership where 109,193 shares of Select Comfort Corporation were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Ibach. Ibach operates out of Minneapolis, MN. Some additional info was provided as follows:
Due to plan discrimination testing, there was a required pro-rata distribution of excess contributions resulting in a decrease of 107.2746 shares held by the 401(k) account.
This option becomes exercisable with respect to 1/3rd of the shares on each of 3/21/18, 3/21/19 and 3/21/20.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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