SEC Form 4 · accession 0001014108-15-000172
Cartesian, Inc. · CRTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald E Klumb
Director
Period of report
Jun 10, 2015
Accepted (ET)
Jun 12, 2015 · 5:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001094814
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 10, 2015 | D | 143,008 | $0.00 | D | 112,692 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Put Option (Right to Sell)F3 | $4.50 | Jun 10, 2015 | A | 112,692 | A | Jun 10, 2015 | Mar 15, 2016 | Common Stock | 112,692 | 112,692 | D |
Explanation of responses
- F1Represents the forfeiture of unvested restricted shares of Cartesian common stock on June 10, 2015, pursuant to a Separation Agreement dated June 3, 2015 ("Separation Agreement") by and between the Company and the Reporting Person. The right to revoke the Separation Agreement expired on June 10, 2015. The Separation Agreement was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on June 9, 2015.
- F2This total includes a correction adding 1,889 shares to the Reporting Person's holdings related to shares previously acquired pursuant to the Cartesian, Inc. (f/k/a The Management Network Group, Inc.) Employee Stock Purchase Plan.
- F3Represents currently owned shares that the Reporting Person has the right but not the obligation to sell pursuant to the Separation Agreement.