SEC Form 4 · accession 0001065860-15-000029
LIME ENERGY CO. · LIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C Adam Procell
Officer — CEO and Presirent
Period of report
Sep 18, 2015
Accepted (ET)
Sep 22, 2015 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065860
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purcahse Common StockF1 | $2.95 | Sep 18, 2015 | A | 162,539 | A | — | Sep 18, 2025 | Common Stock | 162,539 | 162,539 | D |
Explanation of responses
- F1The reporting person was granted an option to purchase up to an aggregate of 162,539 shares of Common Stock. The option to purchase 54,180 shares of Common Stock will vest on each of September 25, 2016 and September 25, 2017 and 54,179 shares of Common Stock will vest on September 25, 2018. Such options will vest immediately upon change of control of the Company or the involuntary termination of the reporting person for reasons other than cause, death or permanent disability. Such options were granted pursuant to the 2008 long-term incentive plan of the Company.