SEC Form 4 · accession 0001415889-18-000090
AutoWeb, Inc. · AUTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wesley Ozima
Officer — SVP, CONTROLLER
Period of report
Jan 19, 2018
Accepted (ET)
Jan 19, 2018 · 7:31 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 19, 2018 | M | 2,260 | $4.80 | A | 17,317 | D | |
| Common StockF3,F2 | Jan 19, 2018 | S | 2,260 | $8.8075 | D | 15,057 | 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 19, 2018 | M | 2,260 | D | — | Jan 20, 2018 | Common Stock | 2,260 | 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 May 31, 2017.
- F2Includes 10,000 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 $8.75 to $8.85 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.