SEC Form 4 · accession 0001178913-15-003669
MAGICJACK VOCALTEC LTD · CALL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith Reed
Officer — GM SVP of Enterprise Sales
Period of report
Dec 1, 2015
Accepted (ET)
Dec 8, 2015 · 6:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001005699
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 1, 2015 | A | 192,926 | $0.00 | A | 192,926 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| employee stock optionF2 | $9.33 | Dec 1, 2015 | A | 499,307 | A | — | Dec 1, 2020 | Common stock | 499,307 | 499,307 | D |
Explanation of responses
- F1Shares of restricted stock vest in one-third annual cumulative increments beginning December 31, 2016.
- F2Options vest and become exercisable in 16 2/3% annual cumulative increments on each of December 31, 2016, December 31, 2017 and December 31, 2018. Additionally, on the date of communicating the amount of the annual bonus for calendar year 2016, 2017 and 2018, an additional amount shall vest equal to 16 2/3% multiplied by the annual bonus percentage for the applicable calendar year.