Sec Form 4 Filing - Via LuAnn @ CHRISTOPHER & BANKS CORP - 2014-06-30

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Via LuAnn
2. Issuer Name and Ticker or Trading Symbol
CHRISTOPHER & BANKS CORP [ CBK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
2400 XENIUM LANE NORTH
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2014
(Street)
PLYMOUTH, MN55441
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 06/30/2014 M 500,000 A $ 3.43 520,000 D
Common Stock 06/30/2014 F( 3 ) 195,777 D $ 8.76 324,223 D
Common Stock 06/30/2014 F( 4 ) 157,588 D $ 8.76 166,635 D
Common Stock 06/30/2014 S 40,000 D $ 8.6657 ( 5 ) 126,635 D
Common Stock 07/01/2014 S 40,000 D $ 8.7333 ( 6 ) 86,635 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/D D/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (Right to buy) $ 3.43 11/26/2013( 1 ) 11/26/2022 Common Stock 1,500,000 1,500,000 D
Employee Stock Option (Right to Buy) $ 3.43 06/30/2014 M 500,000 02/01/2014( 2 ) 11/26/2022 Common Stock 500,000 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Via LuAnn
2400 XENIUM LANE NORTH
PLYMOUTH, MN55441
X President & CEO
Signatures
Barbara Spilane, Attorney-in-Fact 07/02/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person was granted an option to exercise 1,500,000 shares of common stock that becomes exercisable as to 500,000 shares on each of November 26, 2013, 2014 and 2015 if the reporting person remains employed as of such vesting date. The option is subject to accelerated vesting in the event of a change-in-control.
( 2 )The reporting person was granted an option to exercise 500,000 shares of common stock that becomes fully exercisable on February 1, 2014 if the reporting person remains employed through that date. The option is subject to accelerated vesting in the event of a change-in-control.
( 3 )On June 30, 2014, the reporting person used 195,777 shares of the Company's common stock acquired through the exercise referenced in Table II to pay for the exercise.
( 4 )On June 30, 2014, the reporting person used 157,588 shares of the Company's common stock to pay for the tax liability associated with the exercise referenced in Table II.
( 5 )The price reported is the weighted average sale price for the transactions reported. The price shares were sold for ranged from $8.5350 to $8.7900. The reporting person will provide to the issuer, a security holder of the issuer or the SEC staff, upon request, full information regarding the number of shares sold at each price within the range.
( 6 )The price reported is the weighted average sale price for the transactions reported. The price shares were sold for ranged from $8.6300 to $8.8600. The reporting person will provide to the issuer, a security holder of the issuer or the SEC staff, upon request, full information regarding the number of shares sold at each price within the range.

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).
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