SEC Form 4 · accession 0000899243-16-023373
INVE Technologies, Inc. · INVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel S.C. Wenzel
Director
Period of report
May 31, 2015
Accepted (ET)
Jun 21, 2016 · 5:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001036044
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 31, 2015 | M | 2,248 | — | A | 26,315 | D | |
| Common StockF2 | holding | — | — | — | 745,352 | I | See footnote | |
| Common StockF3 | holding | — | — | — | 50,257 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F4 | — | May 31, 2015 | M | 2,248 | D | — | — | Common Stock | 2,248 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit converts into common stock on a one-for-one basis.
- F2Reflects 643,166 shares directly held by Mountain Partners AG and 102,186 shares indirectly held by Mountain Partners AG. Mr. Wenzel is a member of the board of directors of Mountain Partners AG. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest herein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for Section 16 or for any other purpose.
- F3Reflects shares held by Rosenberg Ventures AG of which Mr. Wenzel is a member of the board of directors. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest herein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for Section 16 or for any other purpose.
- F4On August 25, 2014, the reporting person was granted 8,991 Restricted Stock Units pursuant to Issuer's 2011 Incentive Compensation Plan vesting 1/10 on August 31, 2014 with additional vesting of 3/10 on each of November 30, 2014, February 28, 2015 and May 31, 2015, respectively.