SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
RAYDEN MICHAEL W

(Last) (First) (Middle)
C/O ASCENA RETAIL GROUP, INC.
30 DUNNIGAN DRIVE

(Street)
SUFFERN NY 10901

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Ascena Retail Group, Inc. [ ASNA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO, Tween Brands, Inc.
3. Date of Earliest Transaction (Month/Day/Year)
10/18/2012
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 10/18/2012 S 44,962 (1) D $20.6408 64,347 D
Common 10/18/2012 S 59,586 D $21.189 (2) 4,761 D
Common 13,284 I (3) See Footnote 1.
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Option To Buy $10.395 (4) 12/09/2010 (5) 12/09/2019 Common 80,000 80,000 D
Option To Buy $11.695 (4) 09/23/2011 (5) 09/23/2020 Common 80,000 80,000 D
Option To Buy $13.135 (4) 09/21/2012 (5) 09/21/2021 Common 120,000 120,000 D
Restricted Stock Units (6) (7) (7) Common 77,970 77,970 D
Option To Buy (4) $20.79 09/20/2013 09/20/2022 Common 80,000 80,000 D
Restricted Stock Units (8) (9) (10) (10) Common 47,576 47,576 D
Explanation of Responses:
1. Shares sold to pay taxes due upon vesting of restricted stock
2. This transaction was executed in multiple trades ranging from $21.16 to $21.25. The price reported above reflects the weighted average sale price. Detailed information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.
3. Shares by Diane Nye, Mr. Rayden's wife. Mr. Rayden disclaims ownership of these shares.
4. Granted under the Company's 2010 Stock Incentive Plan.
5. Exercisable in four equal installments with the first installment on the date indicated.
6. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Ascena common stock.
7. The number of RSU's to be received will be based upon the percentage achievement by Ascena of certain financial performance targets for Ascena's fiscal years 2012, 2013 and 2014.
8. These shares of performance based stock were awarded under the Company's 2015 Long Term Incentive Plan (the "2015 LTIP").
9. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Ascena common stock.
10. The number of RSU's to be received will be based upon the percentage of achievement by Ascena of certain financial performance targets for Ascena's fiscal year 2013, 2014 and 2015.
Remarks:
/s/ Gene Wexler, Attorney-in-Fact 10/19/2012
** Signature of Reporting Person Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.