SEC Form 4 · accession 0001006837-18-000082
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 13, 2018
Accepted (ET)
Jun 15, 2018 · 8:42 am 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 13, 2018 | A | 189,142 | $0.00 | A | 403,767 | 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 | $5.45 | Jun 13, 2018 | A | 70,880 | A | — | Mar 16, 2028 | Common Stock | 70,880 | 70,880 | D |
Explanation of responses
- F1The restricted stock units reported will vest as follows: 93,578 of the RSUs will vest on March 15, 2019; 47,782 of the RSUs will vest on March 16, 2020; and 47,782 of the RSUs will vest on March 16, 2021 (each such date, a "Vesting Date"), provided reporting person continues as an officer of HC2 Holdings, Inc. ("HC2") on each such Vesting Date.
- F2The stock options reported will vest as follows: 35,068 option shares will vest on March 15, 2019; 17,906 option shares will vest on March 16, 2020; and 17,906 option shares will vest on March 16, 2021 (each such date, a "Vesting Date"), provided reporting person continues as an officer of HC2 on each such Vesting Date.