Sec Form 4 Filing - LEDER MARC J @ VINCE HOLDING CORP. - 2013-11-27

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
LEDER MARC J
2. Issuer Name and Ticker or Trading Symbol
VINCE HOLDING CORP. [ VNCE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O SUN CAPITAL PARTNERS, INC., 5200 TOWN CIRCLE CENTER, SUITE 600
3. Date of Earliest Transaction (MM/DD/YY)
11/27/2013
(Street)
BOCA RATON, FL33486
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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, par value $0.01 11/27/2013 J 26,205,624 ( 2 ) A 26,205,624 I See Footnotes ( 3 ) ( 4 )
Common Stock, par value $0.01 11/27/2013 M 262,111 ( 5 ) A $ 0.04 26,467,735 I See Footnotes ( 3 ) ( 4 )
Common Stock, par value $0.01 11/27/2013 S 1,500,000 ( 6 ) D $ 18.6 ( 6 ) 24,967,735 I See Footnotes ( 3 ) ( 4 )
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/DD/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) $ 0.04 11/27/2013 A 262,111 ( 5 ) 11/27/2013 12/07/2013( 7 ) Common Stock 262,111 $ 4.61 ( 5 ) 262,111 I See Footnotes ( 2 ) ( 3 ) ( 4 )
Employee Stock Option (right to buy) $ 0.04 11/27/2013 M 262,111 11/27/2013 12/07/2013( 7 ) Common Stock 262,111 $ 0 0 I See Footnotes ( 2 ) ( 3 ) ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEDER MARC J
C/O SUN CAPITAL PARTNERS, INC.
5200 TOWN CIRCLE CENTER, SUITE 600
BOCA RATON, FL33486
X
KROUSE RODGER R
C/O SUN CAPITAL PARTNERS, INC.
5200 TOWN CIRCLE CENTER, SUITE 600
BOCA RATON, FL33486
X
Signatures
By: /s/ Christopher T. Metz, by power of attorney, for Marc J. Leder 11/27/2013
Signature of Reporting Person Date
By: /s/ Christopher T. Metz, by power of attorney, for Rodger R. Krouse 11/27/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the Amended and Restated Certificate of Incorporation of Apparel Holding Corp. (renamed Vince Holding Corp., the "Company") filed immediately prior to the consummation of the Company's initial public offering, each share of voting common stock, par value $0.001 per share, was converted into 28.5177 shares of common stock, par value $0.01 per share (the "Stock Split").
( 2 )19,654,204 of the reported shares, after giving effect to the Stock Split, are owned of record by Sun Cardinal, LLC ("Sun Cardinal"). 6,551,420 of the reported shares, after giving effect to the Stock Split, are owned of record by SCSF Cardinal, LLC ("SCSF Cardinal").
( 3 )Sun Capital Partners V, L.P. ("SCP V"), owns all of the ownership interests in Sun Cardinal. Through a revocable trust, each of Marc J. Leder ("Leder") and Rodger R. Krouse ("Krouse") owns fifty percent (50%) of Sun Capital Partners V, Ltd., which is the general partner of Sun Capital Advisors V, L.P., which is the general partner of SCP V. As a result, Messrs. Leder and Krouse (collectively, the "Indirect Sun Owners") may be deemed to have indirect beneficial ownership of the securities owned of record by Sun Cardinal. Each Indirect Sun Owner expressly disclaims beneficial ownership of any securities in which they do not have a pecuniary interest. (Continued on Footnote 4)
( 4 )SCSF Cardinal is jointly owned by Sun Capital Securities Offshore Fund, Ltd. ("SCSF Offshore") and Sun Capital Securities Fund, L.P. ("SCSF LP"). Each o Leder and Krouse also controls, through his revocable trust, 50% of the membership interest in Sun Cardinal Securities, LLC ("SCSF LLC"), which in turn is the general parter of Sun Capital Securities Advisors, L.P. ("SCSF Advisors"), which is in turn the general partner of SCSF LP. As a result, Messrs. Leder and Krouse (collectively, the "Indirect Sun Owners") may be deemed to have indirect beneficial ownership of the securities owned of record by SCSFCardinal. Each Indirect Sun Owner expressly disclaims beneficial ownership of any securities in which they do not have a pecuniary interest.
( 5 )As set forth in Table II, 262,111 employee stock options were previously issued by Kellwood Company to a former Kellwood Company employee on February 20, 2008 pursuant to the 2010 Option Plan. The Company assumed Kellwood Company's obligations with respect to such options on November 21, 2013 (which became options to acquire shares of the Company's common stock; provided that such options did not become exercisable until consummation of the Company's initial public offering). The options and the related exercise price have been adjusted to give effect to such assumption and the Stock Split. On November 27, 2013, Sun Cardinal and SCSF Cardinal acquired such options from the former Kellwood Company employee and exercised such options on the same date. 196,583 of the shares issued upon the exercise of such options are owned of record by Sun Cardinal and 65,258 of the shares issued upon the exercise of such options are owned of record by SCSF Cardinal.
( 6 )Represents shares of common stock sold in the Company's initial public offering at a public offering price of $20.00 per share, net of the underwriters' discount of $1.40 per share. 1,125,000 of such shares were sold by Sun Cardinal and 375,000 of such shares were sold by SCSF Cardinal.
( 7 )Pursuant to that option extension agreement dated as of August 5,2013 between the former employee and Kellwood Copmany, the expiration date of the subject options was extended to the earliest of (i) 10 days following the consummation of the Company's initial public offering (which occurred on November 27, 2013), (ii) the date of the consummation of a "Sale" (as defined in the employee's grant agreement) and (iii) June 20, 2020.

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