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
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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*
Kelley Barry

(Last) (First) (Middle)
500 WESTRIDGE DRIVE

(Street)
WATSONVILLE CA 95076

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WEST MARINE INC [ WMAR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP - Stores & Wholesale
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2015
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
Restricted Stock Units 03/02/2015 03/02/2015 A 11,000(1) A $0(2) 29,710 D
Restricted Stock Units 26,080(3) D
Common Stock 30,183(4) D
Common Stock 03/04/2015 03/04/2015 F(5) 1,465 D $10.66 28,718(6) 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 (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
Explanation of Responses:
1. This award of restricted stock units vests in three annual installments of 33%, 33% and 34% on March 2, 2016, 2017 and 2018, respectively.
2. This award of restricted stock units was issued pursuant to the terms of the West Marine, Inc. Omnibus Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting.
3. Restricted stock units outstanding following the vesting of units representing 3,630 shares of common stock on March 3, 2015.
4. Includes 1,030 shares received in October 2014 under the Associate Stock Purchase Plan and 3,630 shares received upon vesting of restricted stock unit awards on March 3, 2015.
5. The Issuer did not withhold and sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
6. Does not include 9,833 unvested stock options and 41,000 exercisable stock options.
Remarks:
/s/ Pamela Fields, attorney-in-fact 03/04/2015
** 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).
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