SEC Form 4 · accession 0001415889-15-001441
AutoWeb, Inc. · AUTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Ferriolo
Officer — EVP CONSUMER ACQUISITIONS
Period of report
Apr 23, 2015
Accepted (ET)
Apr 27, 2015 · 9:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001023364
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 23, 2015 | A | 25,000 | $0.00 | A | 50,765 | D | |
| Common StockF2 | Apr 23, 2015 | A | 100,000 | $0.00 | A | 150,765 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $15.37 | Apr 23, 2015 | A | 45,000 | A | — | Apr 23, 2022 | Common Stock | 45,000 | 45,000 | D |
Explanation of responses
- F1Consists of restricted stock that will vest 1/3 on each anniversary of the date of grant.
- F2Consists of restricted stock with restrictions lapsing as follows: (i) restriction on 50,000 shares shall lapse upon the weighted average closing price for the Company's common stock at $30 per share for 30 consecutive trading days and (ii) restrictions on remaining 50,000 shares shall lapse upon the weighted average closing price for the Company's common stock at $45 per share for 30 consecutive trading days.
- F3Grant to reporting person of options to buy shares of common stock that vest and become exercisable 1/3 on 4/23/2016, and 1/36 shall vest and become exercisable on each successive monthly anniversary thereafter for the following 24 months ending on the third anniversary of the grant date.