SEC Form 4 · accession 0001209191-15-073364
DOT HILL SYSTEMS CORP · HILL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dana Kammersgard
Officer — President & CEO · Director
Period of report
Sep 30, 2015
Accepted (ET)
Oct 2, 2015 · 4:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001042783
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 30, 2015 | A | 85,333 | $0.00 | A | 827,138 | D | |
| Common StockF2 | Sep 30, 2015 | F | 35,480 | $9.73 | D | 791,658 | D | |
| Common StockF3 | Sep 30, 2015 | F | 25,399 | $9.73 | D | 766,259 | D | |
| Common Stock | holding | — | — | — | 218 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares became issuable upon the satisfaction of certain performance conditions under the performance based restricted stock award granted to the reporting person as approved by the Compensation Committee of the Issuer's Board of Directors on March 2, 2015. Such shares vested at 160% of the target number, based on actual performance.
- F2The shares were withheld by the Issuer in payment of the reporting person's tax liability incurred upon the vesting of certain performance based restricted stock awards granted to the reporting person as approved by the Compensation Committee of the Issuer's Board of Directors on March 2, 2015.
- F3The shares were withheld by the Issuer in payment of the reporting person's tax liability incurred upon the vesting of certain restricted stock awards granted to the reporting person by the Issuer on March 10, 2015.