SEC Form 4 · accession 0001710643-18-000008
RiceBran Technologies · RIBT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis Dykes
Officer — CFO and EVP
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 1:12 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option, right to buyF1 | $2.86 | Oct 1, 2018 | A | 100,000 | A | — | Oct 1, 2028 | Common Stock | 100,000 | 100,000 | D |
| Restricted Stock UnitsF2,F3 | — | Oct 1, 2018 | A | 250,000 | A | — | — | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1The option vests and becomes exercisable as to 25% of the option shares annually beginning October 1, 2019.
- F2Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock.
- F3The RSU shares 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 vest as to (i) 25,000 shares if the vesting price equals or exceeds $5.00 per share, (ii) 75,000 shares if the vesting price equals or exceeds $10.00 per share and (iii) 150,000 shares on the later of (a) October 1, 2019 and (b the date 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