SEC Form 4 · accession 0001209191-17-007069
OPTICAL CABLE CORP · OCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tracy G Smith
Officer — SVP and CFO
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 4:10 pm EST
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 | Jan 31, 2017 | F | 977 | $3.27 | D | 299,161 | D | |
| Common stockF2 | Jan 31, 2017 | F | 5,131 | $3.27 | D | 294,030 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1977 shares are being surrendered as allowed by the Company's Amended and Restated 2011 Stock Incentive Plan to cover the payment of taxes currently due on previously granted restricted shares.
- F2The transaction is a result of the partial forfeiture by Executive of unvested restricted shares granted on April 3, 2012 pursuant to the terms of the restricted share awards, whereby a portion of the restricted shares did not vest (and were forfeited) as a result of the Company not meeting certain operating performance-based objectives during certain vesting periods since the date of grant.