SEC Form 4 · accession 0001138723-16-000144
ACCURAY INC · ARAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Waters
Officer — SVP, Chief Financial Officer
Period of report
Nov 30, 2016
Accepted (ET)
Dec 2, 2016 · 6:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001138723
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 30, 2016 | A | 38,200 | $0.00 | A | 322,925 | D | |
| Common StockF2 | Dec 1, 2016 | F | 3,449 | $5.0616 | D | 319,476 | 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 Option (right to buy)F3 | $5.05 | Nov 30, 2016 | A | 95,500 | A | — | Nov 30, 2026 | Common Stock | 95,500 | 95,500 | D |
Explanation of responses
- F1The restricted stock units (RSUs) are released as they vest. A total of 25% of the shares subject to this grant become vested and are released on the first anniversary of the vesting commencement date and the remaining shares vest and are released at a rate of 25% a year on each anniversary of the vesting commencement date over the remaining three years.
- F2A total of 3,449 shares were sold pursuant to a 10b5-1 Plan, at an average sale price of $5.061623 per share. The actual sale price for the shares was: 900 shares at $5.075 and 2,549 shares at $5.0569.
- F3The options are exercisable as they vest. A total of 25% of the entire number of shares subject to this stock option becomes vested and fully exercisable on the first anniversary of the vesting commencement date and the remaining shares subject to this stock option vest and become exercisable in equal monthly installments, ratably over the following 36 months.