SEC Form 4 · accession 0001104659-16-114645
BROADWIND, INC. · BWEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Reiland
Director
Period of report
Apr 25, 2016
Accepted (ET)
Apr 27, 2016 · 3:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001120370
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 25, 2016 | F | 2,534 | $3.25 | D | 32,512 | D | |
| Common StockF2 | Apr 26, 2016 | A | 10,736 | $0.00 | A | 43,248 | 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 (Right to Buy)F3 | $102.50 | holding | — | — | — | — | Apr 16, 2018 | Common Stock | 2,500 | 2,500 | D |
| Phantom StockF4,F5 | — | holding | — | — | — | — | — | Common Stock | 4,509 | 4,509 | D |
Explanation of responses
- F1The reporting person has elected to satisfy his withholding obligation in connection with the vesting of a prior restricted stock unit grant by directing the Company to withhold shares otherwise issuable pursuant to the previously reported grant.
- F2Includes 10,736 restricted stock units that vest on 4/26/17.
- F3100% vested.
- F4Each share of phantom stock is the economic equivalent of one share of Broadwind Energy, Inc. common stock.
- F5Phantom stock credited to participant's account in 2009 and 2011 pursuant to and under the conditions of the Broadwind Energy, Inc. Deferred Compensation Plan. The value of the participant's account shall be paid to the participant in a single lump-sum payment, in cash, on the earliest of the participant's separation from service, death or change-in-control.