JOANN (JOAN) Form 3 JOANN / Robert Will ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Will Robert

(Last) (First) (Middle)

C/O JOANN INC.

5555 DARROW ROAD

(Street)

HUDSON OH 44236

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/11/2021

3. Issuer Name and Ticker or Trading Symbol
JOANN Inc. [ JOAN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, Chief Merch. Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	(1)	09/13/2026	Common Stock	117,227	8.85	D
Stock Option	(2)	03/21/2029	Common Stock	76,004	11.18	D
Stock Option	(3)	03/31/2030	Common Stock	85,880	1.17	D

Explanation of Responses:

1. The stock option vests and becomes exercisable as to 40% of the underlying shares on September 13, 2018, and the remaining 60% of the underlying shares will vest and become exercisable in three equal annual installments thereafter.

2. The stock option vests and becomes exercisable as to 40% of the underlying shares on March 21, 2021, and the remaining 60% of the underlying shares will vest and become exercisable in three equal annual installments thereafter.

3. The stock option vests and becomes exercisable as to 40% of the underlying shares on March 31, 2022, and the remaining 60% of the underlying shares will vest and become exercisable in three equal annual installments thereafter.

Remarks:

Exhibit 24 - Power of Attorney.

	/s/ Ann Aber, Attorney-in-Fact	03/11/2021
	** 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 5 (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.
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