SEC Form 4 · accession 0001209191-18-053228
EnSync, Inc. · ESNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore Stern
Director
Period of report
Oct 1, 2018
Accepted (ET)
Oct 2, 2018 · 4:48 pm EDT
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 | Jul 3, 2018 | A | 73,670 | $0.00 | A | 858,249 | D | |
| Common Stock | holding | — | — | — | 617,187 | I | By Bomoseen Associates LP | |
| Common Stock | holding | — | — | — | 192,308 | I | By Theodore Stern Revocable Trust |
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 | $0.00 | Oct 1, 2018 | M | 15,517 | D | — | — | Common Stock | 15,517 | 0 | D |
| Restricted Stock UnitsF2,F4 | $0.00 | Oct 1, 2018 | M | 58,153 | D | — | — | Common Stock | 58,153 | 0 | 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.
- F3The restricted stock units vested on grant.
- 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, 2018, June 30, 2018 and September 30, 2018, respectively.