SEC Form 4 · accession 0001006837-17-000192
INNOVATE Corp. · VATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Anthony Ferraro
Officer — Chief Legal Officer & Corp Sec
Period of report
Nov 13, 2017
Accepted (ET)
Nov 14, 2017 · 5:32 pm EST
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 | Nov 13, 2017 | A | 99,404 | $0.00 | A | 99,404 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares of restricted stock were awarded pursuant to an Employment Agreement (the "Employment Agreement") between Reporting Person and HC2 Holdings, Inc. (the "Issuer"). Subject to the condition that Reporting Person has neither been terminated by the Issuer for Cause nor resigned without Good Reason (both as defined in the Employment Agreement) before the applicable vesting date, the restricted stock will vest in installments of one-third (33,135 shares) on November 13, 2018, one-third (33,135 shares) on November 13, 2019 and one-third (33,134 shares) on November 13, 2020.