Vera Bradley Designs, Inc
Vera Bradley, Inc. (Form: SC 13D/A, Received: 09/07/2017 16:08:48)

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)

 

 

Vera Bradley, Inc.

(Name of Issuer)

Common Stock, No Par Value

(Title of Class of Securities)

92335C106

(CUSIP Number)

Alan Singer, Esq.

Morgan, Lewis & Bockius LLP

1701 Market Street

Philadelphia, Pennsylvania 19103

(215) 963-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

September 5, 2017

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box    ☐

(Page 1 of 13 Pages)

 

 

 


CUSIP No. 92335C106    SCHEDULE 13D    Page 2 of 13 Pages

 

  1   

NAMES OF REPORTING PERSONS

 

Barbara B. Baekgaard 2009 Grantor Retained Annuity Trust

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☒        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

IN

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0 Shares

     8   

SHARED VOTING POWER

 

4,610,469 Shares

     9   

SOLE DISPOSITIVE POWER

 

0 Shares

   10   

SHARED DISPOSITIVE POWER

 

4,610,469 Shares

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,610,469 Shares

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.8%

14  

TYPE OF REPORTING PERSON (See Instructions)

 

OO


CUSIP No. 92335C106    SCHEDULE 13D    Page 3 of 13 Pages

 

  1   

NAMES OF REPORTING PERSONS

 

Robert J. Hall

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☒        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

54,463 Shares

     8   

SHARED VOTING POWER

 

5,293,326 Shares (1)

     9   

SOLE DISPOSITIVE POWER

 

54,463 Shares

   10   

SHARED DISPOSITIVE POWER

 

5,293,326 Shares (1)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,347,789 Shares (1)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

14.9% (1)

14  

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

(1) Includes 4,610,469 shares held by the Barbara B. Baekgaard 2009 Grantor Retained Annuity Trust, 46,838 shares held by the Barbara Bradley Baekgaard Family Foundation, 136,019 shares held by the Joan Byrne Hall 2016 Grantor Retained Annuity Trust #1 and 500,000 shares held by the Joan Byrne Hall 2017 Grantor Retained Annuity Trust #1.


CUSIP No. 92335C106    SCHEDULE 13D    Page 4 of 13 Pages

 

  1   

NAMES OF REPORTING PERSONS

 

Joan Byrne Hall

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☒        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0 Shares

     8   

SHARED VOTING POWER

 

5,246,488 Shares (1)

     9   

SOLE DISPOSITIVE POWER

 

0 Shares

   10   

SHARED DISPOSITIVE POWER

 

5,246,488 Shares (1)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,246,488 Shares (1)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

14.6% (1)

14  

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

(1) Includes 4,610,469 shares held by the Barbara B. Baekgaard 2009 Grantor Retained Annuity Trust, 136,019 shares held by the Joan Byrne Hall 2016 Grantor Retained Annuity Trust #1 and 500,000 shares held by the Joan Byrne Hall 2017 Grantor Retained Annuity Trust #1.


CUSIP No. 92335C106    SCHEDULE 13D    Page 5 of 13 Pages

 

  1   

NAMES OF REPORTING PERSONS

 

James B. Byrne

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☒        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

636,019 Shares (1)

     8   

SHARED VOTING POWER

 

4,657,307 Shares (2)

     9   

SOLE DISPOSITIVE POWER

 

636,019 Shares (1)

   10   

SHARED DISPOSITIVE POWER

 

4,657,307 Shares (2)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,293,326 Shares (1)(2)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

14.7% (1)(2)

14  

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

(1) Includes 136,019 shares held by the James B. Byrne 2016 Grantor Retained Annuity Trust #1 and 500,000 shares held by the James B. Byrne 2017 Grantor Retained Annuity Trust #1.
(2) Includes 4,610,469 shares held by the Barbara B. Baekgaard 2009 Grantor Retained Annuity Trust and 46,838 shares held by the Barbara Bradley Baekgaard Family Foundation.


CUSIP No. 92335C106    SCHEDULE 13D    Page 6 of 13 Pages

 

  1   

NAMES OF REPORTING PERSONS

 

Thomas F. Byrne, II

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☒        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

636,019 Shares (1)

     8   

SHARED VOTING POWER

 

4,657,307 Shares (2)

     9   

SOLE DISPOSITIVE POWER

 

636,019 Shares (1)

   10   

SHARED DISPOSITIVE POWER

 

4,657,307 Shares (2)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,293,326 Shares (1)(2)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

14.7% (1)(2)

14  

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

(1) Includes 136,019 shares held by the Thomas F. Byrne, II 2016 Grantor Retained Annuity Trust #1 and 500,000 shares held by the Thomas F. Byrne, II 2017 Grantor Retained Annuity Trust #1.
(2) Includes 4,610,469 shares held by the Barbara B. Baekgaard 2009 Grantor Retained Annuity Trust and 46,838 shares held by the Barbara Bradley Baekgaard Family Foundation.


CUSIP No. 92335C106    SCHEDULE 13D    Page 7 of 13 Pages

 

  1   

NAMES OF REPORTING PERSONS

 

Michael C. Ray

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☒        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

120,712 Shares

     8   

SHARED VOTING POWER

 

6,062,862 Shares (1)

     9   

SOLE DISPOSITIVE POWER

 

120,712 Shares

   10   

SHARED DISPOSITIVE POWER

 

6,062,862 Shares (1)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,183,574 Shares (1)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

17.2% (1)

14  

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

(1) Includes 4,610,469 shares held by the Barbara B. Baekgaard 2009 Grantor Retained Annuity Trust, 46,838 shares held by the Barbara Bradley Baekgaard Family Foundation, 532,036 shares held by the Michael C. Ray 2009 Grantor Retained Annuity Trust, 173,519 shares held by the Anne-Marie Ray 2015 Grantor Retained Annuity Trust, 200,000 shares held by the Anne-Marie Ray 2016 Grantor Retained Annuity Trust #1 and 500,000 shares held by the Anne-Marie Ray 2017 Grantor Retained Annuity Trust #1.


CUSIP No. 92335C106    SCHEDULE 13D    Page 8 of 13 Pages

 

  1   

NAMES OF REPORTING PERSONS

 

Anne-Marie Ray

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☒        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0 Shares

     8   

SHARED VOTING POWER

 

1,405,555 Shares (1)

     9   

SOLE DISPOSITIVE POWER

 

0 Shares

   10   

SHARED DISPOSITIVE POWER

 

4,610,469 Shares (2)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,016,024 Shares (1)(2)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

16.7% (1)(2)

14  

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

(1) Includes 532,036 shares held by the Michael C. Ray 2009 Grantor Retained Annuity Trust, 173,519 shares held by the Anne-Marie Ray 2015 Grantor Retained Annuity Trust, 200,000 shares held by the Anne-Marie Ray 2016 Grantor Retained Annuity Trust #1 and 500,000 shares held by the Anne-Marie Ray 2017 Grantor Retained Annuity Trust #1.
(2) Includes 4,610,469 shares held by the Barbara B. Baekgaard 2009 Grantor Retained Annuity Trust.


CUSIP No. 92335C106    SCHEDULE 13D    Page 9 of 13 Pages

 

  1   

NAMES OF REPORTING PERSONS

 

Barbara Bradley Baekgaard Family Foundation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☒        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0 Shares

     8   

SHARED VOTING POWER

 

46,838 Shares

     9   

SOLE DISPOSITIVE POWER

 

0 Shares

   10   

SHARED DISPOSITIVE POWER

 

46,838 Shares

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

46,838 Shares

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.13%

14  

TYPE OF REPORTING PERSON (See Instructions)

 

OO


CUSIP No. 92335C106    SCHEDULE 13D    Page 10 of 13 Pages

 

This Amendment No. 8 (“Amendment No. 8”) amends the Schedule 13D, as such schedule has previously been amended (the “Schedule 13D”), filed by the Barbara B. Baekgaard 2009 Grantor Retained Annuity Trust (the “Trust”), Robert J. Hall, Joan Byrne Hall, Michael C. Ray, James B. Byrne, Thomas F. Byrne, II, Anne-Marie Ray and the Barbara Bradley Baekgaard Foundation (the “Foundation” and, collectively with the persons and entities named above, the “Reporting Persons”) with respect to common stock, no par value (the “Common Stock”), of Vera Bradley, Inc. (the “Issuer”). Except as otherwise set forth herein, this Amendment No. 8 does not modify any of the information previously reported by the Reporting Persons in the Schedule 13D.

Item 5 . Interest in Securities of the Issuer.

See the information contained on the cover pages of this Statement on Schedule 13D, which is incorporated herein by reference. The percentage of shares of Common Stock beneficially owned by each Reporting Person is based on 35,965,184 outstanding shares of Common Stock of the Issuer as of August 30, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 29, 2017. In computing the number of shares of Common Stock beneficially owned by a person, common shares subject to options, warrants or rights, if any, held by that person that are currently exercisable or are exercisable or vest within 60 days of the date hereof are deemed outstanding with respect to that person but are not deemed outstanding with respect to any other person.

See Item 3 for a description of transfers of shares of Common Stock among the Reporting Persons.

On September 5, 2017, Michael C. Ray and entities related to Mr. Ray and some of the other Reporting Persons listed in the table below sold an aggregate of 950,000 shares of the Issuer’s Common Stock in the public trading markets, in each case at a sales price of $8.23 per share.

 

Name

   Number of Shares Sold  

Michael C. Ray

     71,250  

Michael C. Ray 2009 Grantor Retained Annuity Trust

     166,250  

Joan Byrne Hall 2015 Grantor Retained Annuity Trust

     173,519  

Joan Byrne Hall 2016 Grantor Retained Annuity Trust #1

     63,981  

James B. Byrne 2015 Grantor Retained Annuity Trust

     173,519  


CUSIP No. 92335C106    SCHEDULE 13D    Page 11 of 13 Pages

 

Name

   Number of Shares Sold  

James B. Byrne 2016 Grantor Retained Annuity Trust #1

     63,981  

Thomas F. Byrne, II 2015 Grantor Retained Annuity Trust

     173,519  

Thomas F. Byrne, II 2016 Grantor Retained Annuity Trust #1

     63,981  
  

 

 

 

Total

     950,000  
  

 

 

 

Except as otherwise set forth above, during the past 60 days, none of the Reporting Persons engaged in reportable transactions in the Issuer’s Common Stock.


      Page 12 of 13 Pages

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: September 7, 2017

BARBARA B. BAEKGAARD 2009 GRANTOR RETAINED ANNUITY TRUST

 

By:  

/s/ Joan Byrne Hall

  Joan Byrne Hall
  Trustee
By:  

/s/ James B. Byrne

  James B. Byrne
  Trustee

BARBARA BRADLEY BAEKGAARD FAMILY FOUNDATION

 

By:  

/s/ Joan Byrne Hall

  Joan Byrne Hall
  Trustee
By:  

/s/ James B. Byrne

  James B. Byrne
  Trustee
By:  

/s/ Anne-Marie Ray

  Anne-Marie Ray
  Trustee
By:  

/s/ Thomas F. Byrne, II

  Thomas F. Byrne, II
  Trustee
By:  

/s/ Barbara B. Baekgaard

  Barbara B. Baekgaard
  Trustee
 

/s/ Robert J. Hall

  Robert J. Hall
 

/s/ Joan Byrne Hall

  Joan Byrne Hall


      Page 13 of 13 Pages

 

 

/s/ Michael C. Ray

  Michael C. Ray
 

/s/ James B. Byrne

  James B. Byrne
 

/s/ Thomas F. Byrne, II

  Thomas F. Byrne, II
 

/s/ Anne-Marie Ray

  Anne-Marie Ray