SEC Form 4 · accession 0001014108-15-000179
Cartesian, Inc. · CRTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter H Woodward
Officer — CEO, President & CFO · Director
Period of report
Jun 16, 2015
Accepted (ET)
Jun 18, 2015 · 4:55 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 StockF1 | holding | — | — | — | 162,213 | I | See |
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)F2 | $3.34 | Jun 16, 2015 | A | 200,000 | A | — | Jun 16, 2025 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1The shares are owned by MHW Partners, L.P. Mr. Woodward is the General Partner of MHW Partners, L.P. Mr. Woodward disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in the shares.
- F2The option will vest (a) with respect to 75,000 shares if at any time the closing market price of the Company's common stock on each day during a thirty (30) consecutive trading day period equals or exceeds $4.00 per share; (b) with respect to an additional 75,000 shares if at any time the closing market price of the Company's common stock on each day during a thirty (30) consecutive trading day period equals or exceeds $5.00 per share; and (c) with respect to an additional 50,000 shares if at any time the closing market price of the Company's common stock on each day during a thirty (30) consecutive trading day period equals or exceeds $6.00 per share.