EX-99.1 2 c89513_ex99-1.htm

Exhibit 99.1

 

 

FLI_logo2

 

 

 

 

October 11, 2017

 

To: Directors and Executive Officers

 

From: Anthony D. Foti

 

Re: Notice of Blackout Period

 

The purpose of this notice is to inform you of an impending “blackout period” under the employee benefit plans referenced below, during which you will be prohibited from effecting any direct or indirect transactions in Foot Locker, Inc. common stock, $0.01 par value per share, that you acquired in connection with your service or employment as a director or executive officer of the Company. Although this blackout period will occur during the regular quarterly blackout period for trading in the Company’s stock, we are required to provide this notice to you under Rule 104 of Regulation BTR promulgated by the U.S. Securities and Exchange Commission pursuant to Section 306(a) of the Sarbanes-Oxley Act of 2002.

 

Reason for the Blackout Period

The Foot Locker 401(k) Plan and the Foot Locker Puerto Rico 1165(e) Plan (individually, a “Plan,” and together, the “Plans”) will be changing the record keeper, as well as investment options, for the Plans, effective November 1, 2017.

 

Impact on Affected Plan Rights

As a result of these forthcoming changes, Plan participants and beneficiaries will be unable to direct or diversify investments in their individual accounts, or obtain a loan, hardship withdrawal, or distribution, from the Plans, or change a deferral election. This period during which Plan participants and beneficiaries will be unable to exercise these rights otherwise available under the Plans is called a “blackout period.”

 

Length of Blackout Period

The blackout period for the Plans will begin at 3:00 p.m. Eastern Time on October 26, 2017 and is expected to end during the week of November 13, 2017.

 

Restrictions on Directors and Executive Officers During the Blackout Period

During the blackout period, directors and executive officers of the Company will be subject to the trading restrictions imposed under Section 306(a) of the Sarbanes-Oxley Act of 2002 and Regulation BTR. Subject to limited exceptions, these restrictions generally prohibit the direct or indirect purchase, sale, or other acquisition or transfer of any of the Company’s common stock that you acquired in connection with your service or employment as a director or executive officer of the Company.

 

Questions or Additional Information

If you have questions concerning this notice or the trading restrictions described above, please contact Sheilagh M. Clarke or Anthony D. Foti, whose contact information is provided below:

 

 

Sheilagh M. Clarke

  Anthony D. Foti
  Foot Locker, Inc.   Foot Locker, Inc.
  330 West 34th Street   330 West 34th Street  
  New York, New York 10001   New York, New York 10001
  (212) 720-4477 (Tel.)   (212) 720-4474 (Tel.)
  sclarke@footlocker.com   anthony.foti@footlocker.com

 

 

Foot Locker, Inc. | 330 West 34th Street, New York, New York 10001 | Tel. (212) 720-3700