SEC Form 4 · accession 0001209191-15-026585
INNOVATE Corp. · VATE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Estus
Officer — Managing Director, Investments
Period of report
Mar 12, 2015
Accepted (ET)
Mar 16, 2015 · 5:32 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 12, 2015 | A | 35,776 | $0.00 | A | 98,276 | 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 | $9.00 | Mar 12, 2015 | A | 17,492 | A | — | Mar 11, 2025 | Common Stock | 17,492 | 17,492 | D |
Explanation of responses
- F1Reflects the restricted stock granted on March 12, 2015 pursuant to HC2 Holdings, Inc.'s (the "Company") 2014 Executive Bonus Plan (the "Plan"). 17,888 shares vested on March 12, 2015, and 17,888 shares shall vest on March 12, 2016, provided Mr. Estus is employed by the Company on each the date.
- F2Reflects the shares of common stock underlying the options granted on March 12, 2015 pursuant to the Plan. 8,746 options vested on March 12, 2015, and 8,746 options shall vest on March 12, 2016, provided Mr. Estus is employed by the Company on the vesting date.