SEC Form 4 · accession 0001209191-18-063395
ASTROTECH Corp · ASTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Boone Pickens III
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Dec 7, 2018
Accepted (ET)
Dec 19, 2018 · 10:59 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001907
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 7, 2018 | C | 866,950 | $2.35 | A | 1,563,351 | D | |
| Common StockF2 | Dec 17, 2018 | A | 35,000 | $3.40 | A | 1,598,351 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Preferred StockF1,F3 | $2.35 | Dec 7, 2018 | C | 866,950 | D | — | — | Common Stock | 866,950 | 0 | D |
Explanation of responses
- F1The Reporting Person purchased Series B Preferred Stock from the Company on October 9, 2018 and subsequently converted the Series B Preferred Stock to Common Stock on December 7, 2018.
- F2One-third of the total number of shares of common stock granted shall vest and become exercisable on each of the first three anniversaries of December 17, 2018, such that 100% of the shares of common stock granted shall be fully vested and exercisable on December 17, 2021, subject to Reporting Person's continuous employment with the Issuer through each such applicable anniversary.
- F3The Series B Preferred Stock had no expiration date and automatically converted into an aggregate of 866,950 shares of common stock upon receipt of shareholder approval in accordance with NASDAQ Listing Rule 5635(b).