SEC Form 4 · accession 0001209191-17-056624
DASAN ZHONE SOLUTIONS INC · DZSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Il Yung Kim
Officer — Chief Executive Officer · Director
Period of report
Oct 10, 2017
Accepted (ET)
Oct 11, 2017 · 4:12 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,F2 | $6.75 | Oct 10, 2017 | A | 150,000 | A | — | Oct 9, 2027 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1The option grant was approved by the Board of Directors and Compensation Committee of DASAN Zhone Solutions, Inc. on October 10, 2017, subject to stockholder approval of the DASAN Zhone Solutions, Inc. 2017 Incentive Award Plan under which the option was granted.
- F2The options vest in 36 equal monthly installments. If the 2017 Plan is not approved by the Company's stockholders at the 2017 annual meeting, the foregoing stock option awards will be automatically cancelled and become null and void.