SEC Form 4 · accession 0001192482-17-000234
SITO MOBILE, LTD. · SITO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Durden
Director
Period of report
Aug 23, 2017
Accepted (ET)
Aug 25, 2017 · 4:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157817
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 23, 2017 | A | 11,494 | — | A | 11,494 | D | |
| Common StockF1,F3 | Aug 23, 2017 | A | 11,494 | — | A | 22,988 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit (each, an "RSU") represents the contingent right to receive one share of the Issuer's Common Stock. RSUs may be settled in common stock or cash, at the election of the Issuer.
- F2Such RSU's will vest as to 50% of such RSUs on June 1, 2018 and as to the remaining 50% of such RSUs on June 1, 2019, subject to continued service on the board of directors.
- F3Such RSUs will vest on the date of the Issuer's annual meeting of stockholders in 2018, subject to continued service on the board of directors.