SEC Form 4 · accession 0001140361-17-026541
RiceBran Technologies · RIBT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brent Robert Rystrom
Officer — CFO and EVP
Period of report
Jun 28, 2017
Accepted (ET)
Jun 28, 2017 · 8:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001063537
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jun 28, 2017 | A | 425,000 | A | — | — | Common Stock | 425,000 | 425,000 | D |
Explanation of responses
- F1Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock.
- F2The shares subject to RSU vest based upon a vesting price equal to the volume weighted average trading price of our common stock over sixty-five consecutive trading days. The RSU shares would vest (i) 10% if the vesting price equals or exceeds $5.00 per share, (ii) 30% if the vesting price equals or exceeds $10.00 per share and (iii) 60% if the vesting price equals or exceeds $15.00 per share. The shares covered by the RSU would be issued following vesting as provided in the 2014 Equity Incentive Plan and RSU agreement.