SEC Form 4 · accession 0001209191-15-058549

DOVER SADDLERY INC · DOVR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Jonathan AR Grylls

Officer — Chief Strategy Officer · Director

Period of report

Jul 1, 2015

Accepted (ET)

Jul 2, 2015 · 12:27 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001071625

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Jul 1, 2015	U	179,000	$8.50	D	0	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Incentive Stock Option^F3	$4.50	Jul 1, 2015	U	15,725	D	—	Nov 13, 2017	Common Stock	15,725	D
Non-Qualified Stock Option^F3	$4.50	Jul 1, 2015	U	3,500	D	—	Nov 13, 2017	Common Stock	3,500	D
Incentive Stock Option^F4	$1.24	Jul 1, 2015	U	13,220	D	—	Nov 20, 2018	Common Stock	13,220	D
Non-Qualified Stock Option^F4	$1.24	Jul 1, 2015	U	2,940	D	—	Nov 20, 2018	Common Stock	2,940	D
Incentive Stock Option^F5	$3.10	Jul 1, 2015	U	15,725	D	—	Nov 16, 2020	Common Stock	15,725	D
Non-Qualified Stock Option^F5	$3.10	Jul 1, 2015	U	3,500	D	—	Nov 16, 2020	Common Stock	3,500	D
Incentive Stock Option^F6	$3.32	Jul 1, 2015	U	15,725	D	—	Nov 27, 2021	Common Stock	15,725	D
Non-Qualified Stock Option^F6	$3.32	Jul 1, 2015	U	3,500	D	—	Nov 27, 2021	Common Stock	3,500	D
Incentive Stock Option^F7	$3.59	Jul 1, 2015	U	15,725	D	—	Nov 15, 2022	Common Stock	15,725	D
Non-Qualified Stock Option^F7	$3.59	Jul 1, 2015	U	3,500	D	—	Nov 15, 2022	Common Stock	3,500	D
Incentive Stock Option^F8	$4.90	Jul 1, 2015	U	15,725	D	—	Nov 19, 2023	Common Stock	15,725	D
Non-Qualified Stock Option^F8	$4.90	Jul 1, 2015	U	3,500	D	—	Nov 19, 2023	Common Stock	3,500	D

Explanation of responses

F1This figure includes 54,735 shares of the issuer's Common Stock (the "Shares") transferred by the reporting person to The Jonathan Andrew Richard Grylls Living Trust u/d/t dated September 27, 2006 (the "Trust"), of which the reporting person is one of the Trustees. The reporting person continues to have a pecuniary interest in the Trust, as the beneficiary of the Trust, has investment control over the Shares; and as the settlor of the Trust, has the right to revoke the Trust without the consent of another person.
F2In connection with the transaction process, and after notice to the Company, Mr. Grylls terminated his 10b5-1 Plan covering the shares on or about April 13, 2015.
F3Granted on 11/14/2007 and vested on anniversary date of grant at 20% per year for five years.
F4Granted on 11/21/2008 and vested on anniversary date of grant at 20% per year for five years.
F5Granted on 11/17/2010 and vest on anniversary date of grant at 20% per year for five years. Per terms of option grant, upon a change of control, vesting of all options accelerates and occurs immediately prior to closing of transaction.
F6Granted on 11/28/2011 and vest on anniversary date of grant at 20% per year for five years. Per terms of option grant, upon a change of control, vesting of all options accelerates and occurs immediately prior to closing of transaction.
F7Granted on 11/16/2012 and vest on anniversary date of grant at 20% per year for five years. Per terms of option grant, upon a change of control, vesting of all options accelerates and occurs immediately prior to closing of transaction.
F8Granted on 11/20/2013 and vest on anniversary date of grant at 20% per year for five years. Per terms of option grant, upon a change of control, vesting of all options accelerates and occurs immediately prior to closing of transaction.