SEC Form 4 · accession 0000899243-16-026620
INTEVAC INC · IVAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew A Drapkin
Director
Period of report
Aug 5, 2016
Accepted (ET)
Aug 9, 2016 · 6:00 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 | Aug 5, 2016 | P | 20,453 | $5.89 | A | 839,074 | I | See footnotes |
| Common StockF1,F2 | Aug 8, 2016 | P | 63,131 | $6.09 | A | 902,205 | I | See footnotes |
| Common StockF1,F2 | Aug 9, 2016 | P | 91,416 | $6.13 | A | 993,621 | 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 | $7.89 | holding | — | — | — | — | Dec 20, 2020 | Common Stock | 18,000 | 18,000 | D |
| Non-Qualified Stock Options | $7.37 | holding | — | — | — | May 29, 2015 | May 29, 2021 | Common Stock | 14,000 | 14,000 | D |
| Non-Qualified Stock Options | $5.62 | holding | — | — | — | Jun 4, 2016 | Jun 4, 2022 | Common Stock | 13,000 | 13,000 | D |
| Non-Qualified Stock Options | $4.80 | holding | — | — | — | May 19, 2017 | May 19, 2023 | Common Stock | 13,000 | 13,000 | 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.
- F4These options vested in two equal installments on December 20, 2014 and December 20, 2015.