SEC Form 4 · accession 0001209191-15-022436
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
Feb 28, 2015
Accepted (ET)
Mar 4, 2015 · 5:53 pm EST
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 Stock | Feb 28, 2015 | M | 2,248 | $9.67 | A | 24,067 | D | |
| Common StockF1 | holding | — | — | — | 745,352 | I | See footnote. | |
| Common StockF2 | 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 UnitF3,F4 | — | Feb 28, 2015 | M | 2,248 | D | — | — | Common Stock | 2,248 | 2,248 | D |
Explanation of responses
- F1Reflects 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.
- F2Reflects 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.
- F3Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's common stock.
- F4Restricted Stock Units granted pursuant to Issuer's 2011 Incentive Compensation Plan vesting in four equal quarterly installments beginning 8/31/2014, provided the grant becomes completely vested by the date of the 2015 Annual Stockholder Meeting. Vested shares will be delivered to the reporting person on the vesting date.