SEC Form 4 · accession 0001209191-18-058765
EnSync, Inc. · ESNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore Stern
Director
Period of report
Nov 13, 2018
Accepted (ET)
Nov 15, 2018 · 4:55 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 Stock | holding | — | — | — | 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 UnitsF1,F2,F3 | $0.00 | Nov 13, 2018 | A | 34,091 | A | — | — | Common Stock | 34,091 | 34,091 | D |
| Restricted Stock UnitsF1,F2,F4 | $0.00 | Nov 13, 2018 | A | 327,273 | A | — | — | Common Stock | 327,273 | 327,273 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2Represents a restricted stock unit award granted pursuant to the Company's director compensation policy.
- 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, 2019, June 30, 2019 and September 30, 2019, respectively.