SEC Form 4 · accession 0001415889-16-006283
AutoWeb, Inc. · AUTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey H Coats
Officer — PRESIDENT AND CEO · Director
Period of report
Jun 20, 2016
Accepted (ET)
Jun 21, 2016 · 6:43 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F2 | $17.09 | Jun 20, 2016 | A | 150,000 | A | — | Jan 21, 2023 | Common Stock | 150,000 | 150,000 | D |
| Employee Stock Option (Right to Buy)F1,F3 | $17.09 | Jun 20, 2016 | A | 100,000 | A | — | Jan 21, 2023 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The option grants were approved by the Compensation Committee of the Company's Board of Directors on January 21, 2016, subject to stockholder approval of the amendment and restatement of the equity compensation plan under which the options were granted. The Company's stockholders approved the amendment and restatement on June 20, 2016.
- F2These options will become vested and exercisable as follows: (i) 33 1/3% will vest and become exercisable on January 21, 2017; and (ii) 1/36th will vest and become exercisable on each successive monthly anniversary thereafter for the following 24 months ending on January 21, 2019.
- F3These options will become vested and exercisable as follows: (i) 33 1/3% will vest and become exercisable on January 21, 2017; and (ii) 1/36th will vest and become exercisable on each successive monthly anniversary thereafter for the following 24 months ending on January 21, 2019; provided, however, that in addition to the vesting time schedule, the options will be subject to the satisfaction of the following additional vesting conditions: (i) with respect to the first 1/3 of these options, if at any time after January 21, 2016 and prior to the expiration date of these options the weighted average closing price of the common stock on The Nasdaq Capital Market for the preceding 30 trading days (adjusted for any stock splits, stock dividends, reverse stock splits or combinations of the common stock occurring after the issuance date) ("Weighted Average Closing Price") is at or above $30; (ii) with respect to the second 1/3 of these options, if at any time after January 21, 2016 and prior to the expiration date the Weighted Average Closing Price is at or above $37.50; and (iii) with respect to the last 1/3 of these options, if at any time after January 21, 2016 and prior to the expiration date the Weighted Average Closing Price is at or above $45.00.