SEC Form 4 · accession 0001209191-17-006560
ONVIA INC · ONVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell Mann
Officer — President and CEO · Director
Period of report
Jan 30, 2017
Accepted (ET)
Feb 1, 2017 · 11:18 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001100917
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 30, 2017 | A | 25,000 | $4.45 | A | 25,000 | D | |
| Common StockF1 | Jan 30, 2017 | A | 50,000 | $0.00 | A | 75,000 | D | |
| Common StockF2 | Jan 30, 2017 | A | 25,000 | $0.00 | A | 100,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option Grant (right to buy)F3 | $4.45 | Jan 30, 2017 | A | 225,000 | A | — | Jan 30, 2021 | Common Stock | 225,000 | 225,000 | D |
Explanation of responses
- F1Restricted stock award requiring continuous employment through 7/30/2017 for vesting.
- F2Restricted Stock Units are convertible into common stock on a 1 for 1 basis after vesting. These Restricted Stock Units vest on January 30, 2018 provided the reporting person remains an employee of Onvia through such date.
- F3Subject to continuing employment with Onvia through the vesting date:(i) 100,000 options will vest and become exercisable over three years - with 33,334 options vesting and becoming exercisable on January 30, 2017 and 2,777.75 options vesting and becoming exercisable on the last day of each subsequent month; (ii) 75,000 options will vest and become exercisable based on achievement of operating profit and/or revenue goals established in 2017 and (iii) 50,000 options will vest and become exercisable based on attainment of total shareholder return goals established in 2017.