SEC Form 4 · accession 0001415889-17-001840
AutoWeb, Inc. · AUTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Ferriolo
Officer — EVP, CHIEF OPERATING OFFICER
Period of report
Nov 21, 2017
Accepted (ET)
Nov 21, 2017 · 7:41 pm EST
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 | Nov 21, 2017 | M | 6,134 | $4.80 | A | 264,889 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $4.80 | Nov 21, 2017 | M | 6,134 | D | — | Jan 20, 2018 | Common Stock | 6,134 | 0 | D |
Explanation of responses
- F1Includes (a) 8,333 shares of restricted stock that will vest on April 23, 2018; (b) 100,000 shares of restricted stock with restrictions lapsing as follows: (i) restriction on 50,000 shares shall lapse upon the weighted average closing price for Common Stock at or above $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 Common Stock at or above $45 per share for 30 consecutive trading days; and (c) 70,000 shares of restricted stock that will vest 33 1/3% on each anniversary commencing September 27, 2018.
- F2Subject to the achievement of certain performance goals of the Company in 2011, these derivative securities became exercisable as follows: 33 1/3% vested and became exercisable on January 20, 2012 and 1/36 vested and became exercisable at the end of each successive monthly anniversary thereafter for the following 24 months ending on January 20, 2014.