SEC Form 4 · accession 0001014108-16-000516
Cartesian, Inc. · CRTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E.A. Hill
Officer — President
Period of report
Sep 28, 2016
Accepted (ET)
Sep 30, 2016 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001094814
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,F2 | $1.25 | Sep 28, 2016 | A | 75,000 | A | — | Sep 28, 2026 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1The exercise price was determined to be the greater price on the date of grant.
- F2The option will vest (a) with respect to 25,000 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 25,000 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 25,000 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.