SEC Form 4 · accession 0001072613-17-000362
NETWORK-1 TECHNOLOGIES, INC. · NTIP-NYSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Kahn
Officer — Chief Financial Officer · Director
Period of report
Jun 9, 2017
Accepted (ET)
Jun 13, 2017 · 4:45 pm EDT
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 | Jun 9, 2017 | A | 25,000 | $0.00 | A | 58,250 | D | |
| Common Stock, $.01 par value per shareF2 | Jun 9, 2017 | F | 6,986 | $4.10 | D | 51,264 | 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 UnitsF3 | — | Jun 9, 2017 | M | 25,000 | D | — | — | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock.
- F26,986 shares of common stock were delivered by Mr. Kahn to satisfy withholding taxes.
- F325,000 restricted stock units vested on June 9, 2017.