SEC Form 4 · accession 0001185185-17-001184
GLOBALSCAPE INC · GSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory T Hoffer
Officer — Vice President of Engineering
Period of report
May 12, 2017
Accepted (ET)
May 15, 2017 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001112920
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | May 12, 2017 | M | 50,000 | $2.35 | A | 50,100 | D | |
| Common StockF3 | May 12, 2017 | S | 50,000 | $4.14 | D | 100 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF2 | $2.35 | May 12, 2017 | M | 50,000 | D | May 12, 2017 | Jan 2, 2024 | Common Stock | 50,000 | 0 | D |
| Incentive Stock OptionF1 | $3.52 | holding | — | — | — | — | Feb 1, 2026 | Common Stock | 100,000 | 100,000 | D |
| Incentive Stock OptionF1 | $3.73 | holding | — | — | — | — | Feb 8, 2027 | Common Stock | 11,900 | 111,900 | D |
| Non-Qualified Stock OptionF1 | $3.73 | holding | — | — | — | — | Feb 8, 2027 | Common Stock | 23,100 | 135,000 | D |
Explanation of responses
- F11/3 of the total shares under this option vest and are available for purchase on each annual anniversary date of the grant date of the option.
- F2Exercise of option to purchase common stock. Includes shares which were sold to pay the exercise price, to cover withholding taxes and to pay broker fees and commissions pursuant to a broker-assisted cashless exercise.
- F3Price reflected is a weighted-average sales price for shares sold. The shares were sold in multiple transactions and the range of sales prices for the transactions reported was $4.07 to $4.22. The reporting person undertakes to provide the issuer, any security holder of the issuer or any staff member of the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price.