SEC Form 4 · accession 0001209191-16-150650
EnSync, Inc. · ESNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Manfred E Birnbaum
Director
Period of report
Nov 14, 2016
Accepted (ET)
Nov 16, 2016 · 5:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001140310
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 14, 2016 | M | 18,182 | $0.00 | A | 377,587 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F4 | $0.00 | Nov 14, 2016 | A | 72,727 | A | — | — | Common Stock | 72,727 | 72,727 | D |
| Restricted Stock UnitsF4 | $0.00 | Nov 14, 2016 | M | 18,182 | D | — | — | Common Stock | 18,182 | 54,545 | D |
Explanation of responses
- F1Represents shares acquired upon vesting of a restricted stock unit award.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock. Restricted stock units that become earned and vested are payable at the earlier of (i) vesting and (ii) the date of a change in control.
- F3Represents a restricted stock unit award granted pursuant to the Company's director compensation policy.
- F4The restricted stock units vest as follows: 25% on the date of grant and the remaining units vest in three equal installments on each of March 31, 2017, June 30, 2017 and September 30, 2017, respectively.