SEC Form 4 · accession 0000899243-16-020718
INTEVAC INC · IVAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew A Drapkin
Director
Period of report
May 19, 2016
Accepted (ET)
May 23, 2016 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001902
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | holding | — | — | — | 779,801 | I | See footnotes | |
| Common StockF3 | holding | — | — | — | 7,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionsF4 | $4.80 | May 19, 2016 | A | 13,000 | A | May 19, 2017 | May 19, 2023 | Common Stock | 13,000 | 58,000 | D |
Explanation of responses
- F1Represents Common Stock of the Issuer directly held by Northern Right Capital (QP), L.P. ("Northern Right QP").
- F2Mr. Drapkin may be deemed to beneficially own such Common Stock as he is a member of BC Advisors, LLC, which is the general partner of Northern Right Capital Management, L.P. ("Northern Right Management") (of which Mr. Drapkin is a limited partner), and Northern Right Management is the general partner of, and investment manager for, Northern Right QP. Mr. Drapkin disclaims beneficial ownership in such Common Stock except to the extent of his pecuniary interest therein.
- F3Represents 7,000 Restricted Stock Units that vested in full on May 15, 2015.
- F4In connection with Mr. Drapkin's reelection to the Board of Directors of the Issuer, the Issuer granted these options to Mr. Drapkin. This option grant will vest in full on May 19, 2017.