SEC Form 4 · accession 0001006837-17-000053
INNOVATE Corp. · VATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Robinson
Officer — Chief Legal Officer & Corp Sec
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 4:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001006837
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 10, 2017 | A | 18,026 | $0.00 | A | 100,356 | D | |
| Common StockF2 | Mar 10, 2017 | F | 6,439 | $5.50 | D | 93,917 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (Right To Buy)F3 | $5.50 | Mar 10, 2017 | A | 6,729 | A | Mar 10, 2017 | Mar 10, 2027 | Common Stock | 6,729 | 6,729 | D |
Explanation of responses
- F1Reflects an award of shares of common stock granted pursuant to the HC2 Holdings, Inc. 2014 Omnibus Equity Award Plan (the "Plan").
- F2Reflects common stock withheld by Issuer to satisfy tax obligations.
- F3Reflects the number of options granted pursuant to the Plan, which were fully vested on the grant date.