SEC Form 4 · accession 0001209191-16-113346
OPTICAL CABLE CORP · OCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Nygren Jr.
Director
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 8:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001000230
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 1, 2016 | A | 16,140 | $0.00 | A | 16,140 | D | |
| Common Stock | Apr 1, 2016 | P | 200 | $2.40 | A | 16,340 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Directors of the Company receive stock and cash as compensation for their services to the Company. Director received an award of 8,608 common shares issued under the issuer's Second Amended and Restated 2011 Stock Incentive Plan for the stock portion of the annual retainer for the 2016-2017 board year. Directors also are entitled to elect to take up to 100% of their annual cash retainer in stock. Director has elected to receive 50% of his annual cash retainer in stock which equates to 7,532 common shares.