SEC Form 4 · accession 0001209191-15-044587
SIRONA DENTAL SYSTEMS, INC. · SIRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Slovin
Officer — Chief Executive Officer · Director
Period of report
May 15, 2015
Accepted (ET)
May 19, 2015 · 6:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001014507
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 15, 2015 | M | 562,735 | $14.09 | A | 677,857 | D | |
| Common Stock | May 15, 2015 | F | 291,816 | $95.26 | D | 386,041 | 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)F2 | $14.09 | May 15, 2015 | M | 562,735 | D | — | Sep 25, 2015 | Common Stock | 562,735 | 0 | D |
Explanation of responses
- F1The reporting person exercised this stock option prior to its expiration date of September 25, 2015 pursuant to the "net exercise" provisions set forth in the stock option and not pursuant to open market activity. The reporting person forfeited to the issuer an aggregate of 291,816 shares of common stock underlying the stock option as payment of the exercise price for the shares covered by the stock option and related estimated tax withholding, using the closing stock price on May 15, 2015 of $95.26.
- F2The option grant vested in equal increments on a daily basis over the four year period commencing on June 21, 2006.