SEC Form 4 · accession 0001072613-16-001005
NETWORK-1 TECHNOLOGIES, INC. · NTIP-NYSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Niv Harizman
Director
Period of report
Dec 9, 2016
Accepted (ET)
Dec 12, 2016 · 3:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065078
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value per shareF1 | Dec 9, 2016 | M | 3,750 | $0.00 | A | 23,293 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Dec 9, 2016 | M | 3,750 | D | — | — | Common Stock | 3,750 | 0 | D |
Explanation of responses
- F1Includes 3,750 shares of common stock delivered pursuant to restricted stock units granted to the reporting person on June 9, 2016 that vested on December 9, 2016 and are deliverable to the reporting person on the vesting date. Also includes (i) 3,750 shares delivered pursuant to restricted stock units that vested on September 9, 2016 and (ii) 7,500 shares delivered pursuant to restricted stock units that vested on the date of grant, June 9, 2016 (as previously reported on the reporting person's Form 4 filed on June 13, 2016).
- F2Each restricted stock unit represents a contingent right to receive one share of common stock.
- F3The restricted stock units vested on December 9, 2016. The shares are deliverable to the reporting person upon the vesting date.