SEC Form 4 · accession 0001209191-17-016987
ASPEN AEROGELS INC · ASPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George L Gould
Officer — VP, Research and Development
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 7:42 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 | Feb 28, 2017 | A | 24,154 | $0.00 | A | 63,692 | D | |
| Common StockF3,F4 | Mar 1, 2017 | F | 2,366 | $4.18 | D | 61,326 | 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)F5 | $4.14 | Feb 28, 2017 | A | 47,492 | A | — | Feb 28, 2027 | Common Stock | 47,492 | 47,492 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting. The RSUs vest as to one-third of the shares on February 28, 2018, an additional one-third of the shares on February 28, 2019, and the remaining one-third of the shares on February 28, 2020.
- F2Represents 7,217 shares of Common Stock and 56,475 RSUs
- F3Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of time-based RSUs.
- F4Represents 11,116 shares of Common Stock and 50,210 RSUs
- F5The options vest as to one-third of the shares on February 28, 2018, an additional one-third of the shares on February 28, 2019, and the remaining one-third of the shares on February 28, 2020.