SEC Form 4 · accession 0001138723-18-000111
ACCURAY INC · ARAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jesse Chew
Officer — SVP and General Counsel
Period of report
Nov 30, 2018
Accepted (ET)
Dec 6, 2018 · 7:56 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,F2 | Dec 3, 2018 | S | 560 | $4.11 | D | 36,440 | 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 | $4.10 | Nov 30, 2018 | A | 215,000 | A | — | Nov 30, 2028 | Common Stock | 215,000 | 215,000 | D |
Explanation of responses
- F1Shares were automatically sold in accordance with Accuray policy for all restricted stock unit (RSU) releases in order to cover tax obligations upon RSU release and is consistent with Accuray practices for all RSU releases of employees located in the United States.
- F2Includes 2,500 shares acquired on Nov 30, 2018 under the Accuray Employee Stock Purchase Plan in transactions that were exempt under Rule 16b-3(c).
- 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.