SEC Form 4 · accession 0001209191-17-067210
EnSync, Inc. · ESNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley Hansen
Officer — President and CEO · Director
Period of report
Dec 21, 2017
Accepted (ET)
Dec 26, 2017 · 4:16 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 | Dec 21, 2017 | M | 250,000 | $0.00 | A | 250,000 | D | |
| Common StockF2 | Dec 21, 2017 | F | 84,050 | $0.46 | D | 165,950 | 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 UnitsiF3,F4 | — | Dec 21, 2017 | M | 250,000 | D | — | — | Common Stock | 250,000 | 500,000 | D |
| Restricted Stock UnitsF3,F5 | — | Dec 21, 2017 | A | 500,000 | A | — | — | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1Represents shares of common stock acquired upon the vesting of a restricted stock unit award on December 21, 2017.
- F2Shares withheld to satisfy tax withholding requirements on the vesting of restricted stock units on December 21, 2017.
- F3Each restricted stock unit represents a contingent right to receive one share of common stock.
- F4Represents a restricted stock unit award granted on November 14, 2016 that partially vested on November 14, 2017 and settled on December 21, 2017. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- F5These restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.