SEC Form 4 · accession 0001006837-17-000123
INNOVATE Corp. · VATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J. Sena
Officer — Chief Financial Officer
Period of report
Jun 14, 2017
Accepted (ET)
Jun 16, 2017 · 8:56 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 | Jun 14, 2017 | A | 71,326 | $0.00 | A | 222,739 | 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)F2 | $5.50 | Jun 14, 2017 | A | 26,626 | A | — | Mar 10, 2027 | Common Stock | 26,626 | 26,626 | D |
Explanation of responses
- F1The restricted stock units will vest 31% on March 10, 2018, 34.5% on March 10, 2019 and 34.5% on March 10, 2020, provided reporting person continues as an officer of HC2 Holdings, Inc. ("HC2") on each such vesting date.
- F2The stock options will vest 31% on March 10, 2018, 34.5% on March 10, 2019 and 34.5% on March 10, 2020, provided reporting person continues as an officer of HC2 on each such vesting date.