SEC Form 4 · accession 0001437749-17-010172
PDF SOLUTIONS INC · PDFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lucio Lanza
Director
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 3:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001120914
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 24, 2017 | M | 30,000 | $10.35 | A | 350,623 | D | |
| Common StockF1 | May 24, 2017 | S | 30,000 | $16.5032 | D | 320,623 | D | |
| Common Stock | May 25, 2017 | M | 45,000 | $2.30 | A | 365,623 | D | |
| Common Stock | holding | — | — | — | 121,720 | I | By Lanza techVentures |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $10.35 | May 24, 2017 | M | 30,000 | D | — | Jun 5, 2017 | Common Stock | 30,000 | 0 | D |
| Stock Options (Right to Buy)F3 | $2.30 | May 25, 2017 | M | 45,000 | D | — | Jul 30, 2019 | Common Stock | 45,000 | 0 | D |
Explanation of responses
- F1Average weighted sale price for shares disposed of in the reported transaction. The shares were sold in multiple brokers' transactions at various market prices per share ranging from $16.50 to $16.56.
- F2These shares represent exercise of Stock Options (right to buy) granted on June 6, 2007 under the Company's Director Compensation Program (Total Options). 25% of the Total Options vested on June 6, 2008 and 1/48th of the Total Options vested on the last day of each month thereafter until fully vested.
- F3These shares represent exercise of Stock Options (right to buy) granted on July 31, 2009 under the Company's Director Compensation Program (Total Options) 25% of the Total Options vested on July 31, 2010 and 1/48th of the Total Options vested monthly thereafter until fully vested.