SEC Form 4 · accession 0000899681-17-000199
BARNWELL INDUSTRIES INC · BRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander C Kinzler
Officer — President and CEO · Director
Period of report
Jun 2, 2017
Accepted (ET)
Jun 5, 2017 · 2:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000010048
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 2, 2017 | W | 182,897 | $0.00 | A | 182,897 | I | By R. David Sudarsky Testamentary Charitable Trust |
| Common Stock | holding | — | — | — | 317,000 | D | ||
| Common Stock | holding | — | — | — | 3,000 | I | By children |
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 Options / SARsF2 | $12.92 | Dec 11, 2007 | A | 100,000 | A | — | Dec 11, 2017 | Common Stock | 100,000 | 100,000 | D |
| Non-qualified Stock Options / SARsF3 | $4.32 | Dec 11, 2009 | A | 125,000 | A | — | Dec 11, 2019 | Common Stock | 125,000 | 125,000 | D |
Explanation of responses
- F1Includes the 182,897 shares owned by the R. David Sudarsky Testamentary Charitable Trust, for which Mr. Kinzler serves as co-trustee.
- F2On December 12, 2007, the reporting person was granted non-qualified stock options to purchase 100,000 shares of common stock of the issuer in tandem with stock appreciation rights pursuant to the issuer's 2008 Equity Incentive Plan (the "2007 Award"), which was subject to stockholder approval. The 2008 Equity Incentive Plan and the 2007 Award received stockholder approval on March 3, 2008. All 100,000 shares of common stock have vested.
- F3On December 11, 2009, the reporting person was granted non-qualified stock options to purchase 125,000 shares of common stock of the issuer in tandem with stock appreciation rights pursuant to the issuer's 2008 Equity Incentive Plan (the "2009 Award"). The 2009 Award was granted pursuant to action by the compensation committee of the board of directors of the issuer. All 125,000 shares of common stock have vested.