SEC Form 4 · accession 0001445866-18-000352
CYNERGISTEK, INC · CTEK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph J Flynn
Officer — CEO · Director
Period of report
Jul 1, 2017
Accepted (ET)
Apr 5, 2018 · 1:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001011432
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 1, 2017 | M | 2,500 | $2.13 | A | 54,264 | D | |
| Common StockF1 | Jul 1, 2017 | F | 1,128 | $4.72 | D | 53,136 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option(Right to Buy)F1 | $2.13 | Jul 1, 2017 | M | 2,500 | D | Jul 1, 2007 | Jul 1, 2017 | Common Stock | 2,500 | 0 | D |
Explanation of responses
- F1Common stock received through a cashless exercise of option. Exercise price was determined using the average of previous ten days close-of-day price of common stock. Exercise performed on last day before option expired. Reflects 1,128 shares withheld by the issuer at the 10 day average price of $4.72 per share less an exercise price of $2.13 per share to fund the cashless exercise of 2,500 options owned by Mr. Flynn.