Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-21-056070
Date:2021-09-10
Issuer: JOANN INC. (JOAN)
Original Submission Date:

Reporting Person:

SOKOLOFF JONATHAN D
11111 SANTA MONICA BLVD.
SUITE 2000 LOS ANGELES, CA 90025

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-09-10 J 532,672 d $11.38 27,827,357 indirect f4
COMMON STOCK 2021-09-10 J 532,672 a $11.38 27,827,357 indirect f4
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 deemed execution date 0 ( ) common stock 7,812 $0.00 7,812 direct
Footnotes
IDfootnote
f1 this form 4 is being filed as a result of a rebalancing transaction in which green equity investors side cf, l.p. ("side cf") transferred 532,672 shares of common stock of the issuer to green equity investors cf, l.p. ("main cf") to correct a scrivener's error in the recorded holdings of each of main cf and side cf (the "transaction"). there was no change in the aggregate number of shares of common stock beneficially owned by main cf, side cf, and lgp associates cf, llc ("associates cf") as a result of such transaction. the price reflected in this form 4 is the closing price on april 16, 2021, the record date of the holdings as to which the scrivener's error related.
f2 represents shares of common stock transferred to main cf by side cf as part of the transaction.
f3 represents shares of common stock owned by main cf, side cf, and associates cf. of the shares of common stock reported, 20,436,421 are held by main cf following the transaction, 7,293,957 are held by side cf following the transaction, and 96,979 are held by associates cf.
f4 mr. sokoloff directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of section 16 of the securities exchange act of 1934, as amended, to be the indirect beneficial owner of the shares of common stock owned by main cf, side cf, and associates cf. mr. sokoloff disclaims beneficial ownership of the shares of common stock reported herein except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of section 16 or for any other purpose.
f5 each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
f6 the restricted stock unit vests on march 17, 2022.
f7 the restricted stock units reported on this row are held by mr. sokoloff for the benefit of leonard green & partners, l.p. mr. sokoloff disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

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