SEC Form 4 · accession 0001209191-16-141064
DASAN ZHONE SOLUTIONS INC · DZSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Il Yung Kim
Officer — Co-Chief Executive Officer · Director
Period of report
Sep 9, 2016
Accepted (ET)
Sep 13, 2016 · 12:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001101680
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to buy)F1 | $1.19 | Sep 9, 2016 | A | 1,000,000 | A | — | Sep 9, 2026 | Common Stock | 1,000,000 | 0 | D |
Explanation of responses
- F1The option vests over a four year vesting schedule as follows: twenty five percent (25%) of the option will vest on the first (1st) anniversary of employment or September 9, 2017, and the remainder will vest in thirty-six (36) equal monthly installments thereafter.