SEC Form 4 · accession 0001437749-16-026022
DETERMINE, INC. · DTRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John K Nolan
Officer — Chief Financial Officer
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 1:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001090908
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to buy)F1 | $1.64 | Feb 23, 2016 | A | 150,000 | A | — | Feb 23, 2026 | Common Stock | 150,000 | 250,000 | D |
Explanation of responses
- F1The Stock Option will vest over a 48 month period starting on February 23, 2016 with 1/4 of the shares vesting on February 23, 2017 and the remaining shares vesting in 36 equal monthly installments thereafter. The Stock Option was granted under the Issuer's 2015 Equity Incentive Plan. 90,000 shares of Common Stock underlying the Stock Option cannot be exercised by the Reporting Person prior to obtaining approval by the Issuer's stockholders, and such 90,000 shares of Common Stock underlying the Stock Option will be cancelled if such stockholder approval is not obtained.