SEC Form 4 · accession 0001184876-15-000003
KVH INDUSTRIES INC \DE\ · KVHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Van Heyningen Martin Kits
Officer — CEO/Chairman BOD · Director
Period of report
Mar 9, 2015
Accepted (ET)
Mar 11, 2015 · 4:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001007587
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 583,940 | D | ||
| Common Stock | holding | — | — | — | 7,515 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options-Right to BuyF3,F2 | $12.79 | Mar 9, 2015 | J | 90,000 | A | Mar 9, 2016 | Mar 9, 2019 | Common Stock | 90,000 | 115,625 | D |
| Employee Stock Options-Right to BuyF5,F4 | — | holding | — | — | — | — | — | Common Stock | — | 616 | I |
Explanation of responses
- F1Non-qualified stock option grant issued pursuant to the terms & conditions of KVH Industries' 2006 Stock Incentive Plan. Stock options will vest annually in four equal installments, the first of which will vest on 3/9/2016, provided the executive is employed by the Company at the time of vesting.
- F2Stock option grant vests in 4 equal installments (22500 on 3/9/2016; 22500 on 3/9/2017; 22500 on 3/9/2018; 22500 on 3/9/2019).
- F3Represents total vested/unexercised options "beneficially owned".
- F4Not applicable.
- F5Represents total vested/unexercised options "beneficially owned" by spouse.