SEC Form 4 · accession 0001166380-15-000068
QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC. · QTWW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth R Lombardo
Officer — General Counsel
Period of report
Jun 11, 2015
Accepted (ET)
Jun 15, 2015 · 7:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001166380
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 11, 2015 | F | 384 | $2.69 | D | 39,442 | D | |
| Common StockF3,F4 | Jun 11, 2015 | A | 11,250 | $0.00 | A | 50,692 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F5 | $2.69 | Jun 11, 2015 | A | 4,000 | A | Jun 11, 2016 | Jun 11, 2025 | Common Stock | 4,000 | 4,000 | D |
Explanation of responses
- F1On June 11, 2015, 1,250 shares of restricted stock granted to Mr. Lombardo on June 11, 2012 vested. Mr. Lombardo automatically surrendered 340 of the vested shares to the Company to satisfy the tax withholding obligations arising from the vesting of the restricted stock. The surrender of the shares is an exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.
- F2Includes 23,526 shares of unvested restricted stock.
- F3Grant of restricted stock under the Company's 2011 Stock Incentive Plan. The shares vest ratably over a three year period beginning on June 11, 2016.
- F4Includes 34,776 shares of unvested restricted stock.
- F5Grant of stock options under the Company's 2011 Stock Incentive Plan. The options vest ratably over a four year period beginning on June 11, 2016.