SEC Form 4 · accession 0001437749-19-000760
CATASYS, INC. · CATS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sharon Gabrielson
Director
Period of report
Dec 19, 2018
Accepted (ET)
Jan 11, 2019 · 9:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001136174
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option to purchase Common StockF1,F2 | $10.11 | Dec 19, 2018 | A | 35,647 | A | — | Dec 19, 2023 | Common Stock | 35,647 | 35,647 | D |
| Stock Option to purchase Common StockF1,F3 | $9.51 | Jan 4, 2019 | A | 49,904 | A | — | Jan 3, 2024 | Common Stock | 49,904 | 49,904 | D |
Explanation of responses
- F1These options were granted to Ms. Gabrielson for her services as a member of the Company's Board of Directors.
- F2These options have a one-year vesting period out of which 7,130 shares vested on December 19, 2018, the grant date, and 28,517 shares shall vest at the end of each calendar quarter for the 2019 calendar year beginning January 1, 2019, such that all shares shall vest on December 31, 2019. Quarterly vesting of the option will be subject to Ms. Gabrielson attending board meetings, unless such absence is excused by the Chairman of the Board of Directors. All unvested options will immediately vest in the event of termination without cause.
- F3These options will vest equally over seven quarters beginning January 1, 2020, such that all shares shall vest on September 30, 2021. Quarterly vesting of the options will be subject to Ms. Gabrielson attending board meetings, unless such absence is excused by the Chairman of the Board of Directors. All unvested options will immediately vest in the event of termination without cause.