SEC Form 4 · accession 0001209191-15-085464
ASPEN AEROGELS INC · ASPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald R Young
Officer — President and CEO · Director
Period of report
Dec 11, 2015
Accepted (ET)
Dec 15, 2015 · 9:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001145986
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 11, 2015 | A | 78,125 | $0.00 | A | 139,906 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options(right to buy)F3 | $6.40 | Dec 11, 2015 | A | 84,745 | A | — | Dec 11, 2025 | Common Stock | 84,745 | 84,745 | D |
| Stock Options(right to buy)F4 | $6.40 | Dec 11, 2015 | A | 370,181 | A | — | Dec 11, 2025 | Common Stock | 370,181 | 370,181 | D |
Explanation of responses
- F1These restricted shares will vest in the first quarter of 2021 if the Issuer achieves a specified performance target for fiscal year 2020.
- F2Comprises 40,557 restricted stock units, 21,224 shares of common stock and 78,125 restricted shares of common stock.
- F3The options are exercisable on December 11, 2018, the third anniversary of the grant date.
- F4131,578 of the shares shall become exercisable on the third anniversary of the grant date provided that the 30 trading day volume weighted average price of the Issuer's Common Stock on the New York Stock Exchange ("VWAP") shall be at least $7.68 for at least 60 consecutive trading days during such three-year period; 122,324 of the shares shall become exercisable on the fourth anniversary of the grant date provided that the VWAP shall be at least $8.32 for at least 60 consecutive trading days during such four-year period; and 116,279 of the shares shall become exercisable on the fifth anniversary of the grant date provided that the VWAP shall be at least $8.96 for at least 60 consecutive trading days during such five-year period.