SEC Form 4 · accession 0001415889-18-000614

Track Group, Inc. · TRCK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Guy Dubois

Officer — MEMBER OF EXECUTIVE COMMITTEE · Director

Period of report

Nov 30, 2017

Accepted (ET)

Apr 13, 2018 · 6:03 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001045942

Table I — non-derivative securities

No Table I lines on this filing.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Options^F1	$12.58	Nov 30, 2017	D	2,385	D	Mar 22, 2013	Mar 21, 2022	Common Stock	2,385	0	D
Options^F1	$1.24	Nov 30, 2017	A	2,385	A	Mar 22, 2013	Mar 21, 2022	Common Stock	2,385	2,385	D
Options^F1	$14.70	Nov 30, 2017	D	4,083	D	Jul 1, 2013	Jun 30, 2022	Common Stock	4,083	0	D
Options^F1	$1.24	Nov 30, 2017	A	4,083	A	Jul 1, 2013	Jun 30, 2022	Common Stock	4,083	4,083	D
Options^F1	$9.00	Nov 30, 2017	D	64,665	D	Apr 16, 2013	Apr 14, 2022	Common Stock	64,665	0	D
Options^F1	$1.24	Nov 30, 2017	A	64,665	A	Apr 16, 2013	Apr 14, 2022	Common Stock	64,665	64,665	D
Options^F1	$19.46	Nov 30, 2017	D	2,280	D	Oct 1, 2013	Sep 30, 2022	Common Stock	2,280	0	D
Options^F1	$1.24	Nov 30, 2017	A	2,280	A	Oct 1, 2013	Sep 30, 2022	Common Stock	2,280	2,280	D
Options^F1	$19.29	Nov 30, 2017	D	2,344	D	Jan 2, 2014	Dec 31, 2023	Common Stock	2,344	0	D
Options^F1	$1.24	Nov 30, 2017	A	2,344	A	Jan 2, 2014	Dec 31, 2023	Common Stock	2,344	2,344	D
Options^F1	$18.75	Nov 30, 2017	D	2,432	D	Apr 1, 2014	Mar 31, 2023	Common Stock	2,432	0	D
Options^F1	$1.24	Nov 30, 2017	A	2,432	A	Apr 1, 2014	Mar 31, 2023	Common Stock	2,432	2,432	D
Options^F1	$17.45	Nov 30, 2017	D	51,576	D	Jun 3, 2014	Jun 2, 2023	Common Stock	51,576	0	D
Options^F1	$1.24	Nov 30, 2017	A	51,576	A	Jun 3, 2014	Jun 2, 2023	Common Stock	51,576	51,576	D
Options^F1	$15.45	Nov 30, 2017	D	2,647	D	Jul 1, 2014	Jun 30, 2023	Common Stock	2,647	0	D
Options^F1	$1.24	Nov 30, 2017	A	2,647	A	Jul 1, 2014	Jun 30, 2023	Common Stock	2,647	2,647	D
Options^F1	$12.01	Nov 30, 2017	D	14,988	D	Jan 27, 2014	Jan 27, 2022	Common Stock	14,988	0	D
Options^F1	$1.24	Nov 30, 2017	A	14,988	A	Jan 27, 2014	Jan 27, 2022	Common Stock	14,988	14,988	D
Options^F1	$10.15	Nov 30, 2017	D	8,868	D	Apr 20, 2015	Apr 20, 2022	Common Stock	8,868	0	D
Options^F1	$1.24	Nov 30, 2017	A	8,868	A	Apr 20, 2015	Apr 20, 2022	Common Stock	8,868	8,868	D
Options^F1	$9.65	Nov 30, 2017	D	113,310	D	Aug 14, 2015	Aug 14, 2022	Common Stock	113,310	0	D
Options^F1	$1.24	Nov 30, 2017	A	113,310	A	Aug 14, 2015	Aug 14, 2022	Common Stock	113,310	113,310	D
Options^F1	$10.50	Nov 30, 2017	D	8,571	D	Oct 1, 2015	Sep 30, 2022	Common Stock	8,571	0	D
Options^F1	$1.24	Nov 30, 2017	A	8,571	A	Oct 1, 2015	Sep 30, 2022	Common Stock	8,571	8,571	D
Options^F1	$7.10	Nov 30, 2017	D	12,676	D	Oct 15, 2015	Oct 14, 2022	Common Stock	12,676	0	D
Options^F1	$1.24	Nov 30, 2017	A	12,676	A	Oct 15, 2015	Oct 14, 2022	Common Stock	12,676	12,676	D

Explanation of responses

F1The reported transactions involved the modification of certain outstanding options, resulting in the deemed cancellation of the "old" options and the grant of replacement options with a reduced exercise price of $1.24 per share, which modifications were approved in advance by the Issuer's Board of Directors on November 30, 2017. The cancellation and subsequent grant were both exempt from Section 16(b) pursuant to Rule 16b-3(e) and Rule 16b-3(d), respectively.

Remarks

See Exhibit 99.1 for additional transactions.