SEC Form 4 · accession 0001209191-18-015982
ASPEN AEROGELS INC · ASPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Alan Ball
Officer — VP, Operations
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 6:29 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, 2018 | A | 21,739 | $0.00 | A | 84,041 | D | |
| Common StockF3,F4 | Feb 28, 2018 | F | 2,870 | $4.60 | D | 81,171 | D | |
| Common StockF3,F5 | Mar 1, 2018 | F | 2,233 | $4.57 | D | 78,938 | 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)F6 | $4.60 | Feb 28, 2018 | A | 44,881 | A | — | Feb 28, 2028 | Common Stock | 44,881 | 44,881 | 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, 2019, an additional one-third of the shares on February 28, 2020, and the remaining one-third of the shares on February 28, 2021.
- F2Represents 18,854 shares of common stock and 65,187 restricted stock units.
- F3Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of time-based restricted stock units.
- F4Represents 24,035 shares of common stock and 57,136 restricted stock units.
- F5Represents 28,067 shares of common stock and 50,871 restricted stock units.
- F6The options vest as to one-third of the shares on February 28, 2019, an additional one-third of the shares on February 28, 2020, and the remaining one-third of the shares on February 28, 2021.