SEC Form 4 · accession 0001415889-18-000070
AutoWeb, Inc. · AUTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kimberly Boren
Officer — EVP, CHIEF FINANCIAL OFFICER
Period of report
Jan 16, 2018
Accepted (ET)
Jan 16, 2018 · 9:24 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 StockF2 | Jan 16, 2018 | M | 5,739 | $4.80 | A | 46,999 | D | |
| Common StockF3,F2 | Jan 16, 2018 | S | 5,739 | $9.2685 | D | 41,260 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $4.80 | Jan 16, 2018 | M | 5,739 | D | — | Jan 20, 2018 | Common Stock | 5,739 | 0 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2017.
- F2Includes 40,000 shares of restricted stock that will vest one-third (1/3rd) on each anniversary of the date of grant over 3 years commencing on September 27, 2018.
- F3This transaction was executed in multiple trades at prices ranging from $9.20 to $9.50 per share. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request, the information regarding the number of shares and prices at which the transactions were effected.
- F4Subject 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.