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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 9/14/20 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1593936 |
| Issuer Name: Michaels Companies, Inc. |
| Issuer Trading Symbol: MIK |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1467617 |
| | Owner Name: Sullivan Jim |
| Reporting Owner Address: |
| | Owner Street 1: 8000 BENT BRANCH DRIVE |
| | Owner Street 2: |
| | Owner City: IRVING |
| | Owner State: TX |
| | Owner ZIP Code: 75063 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: SVP - CAO & Controller |
| | Other Text: |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 9/14/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,542 |
| | | Transaction Price Per Share: |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 34,251 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 9/14/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | | Footnote ID: F2 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 376 |
| | | Transaction Price Per Share: |
| Value: 10.33 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 33,875 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 9/14/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,542 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 1,542 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 0 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Each restricted stock unit represents a contingent right to receive one share of common stock without the payment of additional consideration. |
| Footnote - F2: Withholding of stock to satisfy reporting person's tax obligation upon the vesting of a restricted stock unit award. |
| Footnote - F3: On September 14, 2016, the reporting person was granted 6,167 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
Owner Signature: |
| Signature Name: Jennifer Raibon, as attorney-in-fact |
| Signature Date: 9/15/20 |