SEC Form 4 · accession 0001019687-16-006441
AutoWeb, Inc. · AUTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ceiba International Corp
10% Owner
Period of report
May 19, 2016
Accepted (ET)
May 23, 2016 · 3:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001023364
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Preferred Stock-Convertible/non-votingF1,F2 | $0.00 | May 19, 2016 | P | 16,168 | A | Oct 1, 2018 | — | Common Stock | 161,680 | 25,841 | D |
| WarrantsF1 | $184.47 | May 19, 2016 | P | 14,262 | A | Oct 1, 2018 | Oct 1, 2022 | Series B Preferred | 14,262 | 22,797 | D |
Explanation of responses
- F1Purchase of shares of Series B Junior Participating Convertible Preferred Stock, $0.001 par value per share, of Issuer ("Series B Preferred Stock") and Warrants to acquire Series B Preferred Stock (collectively, the "Sold Securities") by the Reporting Person in a private, non-market transaction to former co-stockholder in AutoWeb, Inc., which was acquired by the Issuer in October 2015. Each such share of Series B Preferred Stock is non-voting and convertible, subject to certain limitations, into ten (10) shares of Common Stock. All shares of Series B Preferred Stock will be automatically converted if the stockholder approval required by Section 5635 of the Nasdaq listing rules is obtained from the Issuer's stockholders. The Sold Securities are also subject to various restrictions, including restrictions on transfer and rights of first refusal, pursuant to a stockholder agreement.
- F2No Expiration Date.