SEC Form 4 · accession 0001140361-15-019475
COSI INC · COSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Miguel Rossy-Donovan
Officer — Chief Financial Officer
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 9:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001171014
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01F1 | May 11, 2015 | A | 200,000 | $0.00 | A | 200,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These restricted shares were granted to the reporting person upon commencement of his employment with Cosi, Inc. (the "Company") in the position of Chief Financial Officer, with fifty percent (50%) of the shares vesting in four equal annual installments of twenty-five percent (25%) each commencing on the first anniversary of employment provided that the reporting person remains in the continuous employ of the Company through each such vesting date, and with fifty percent (50%) of the shares vesting in four equal installments of twenty-five percent (25%) each on the first day on which the closing price of the Company's common stock has exceeded specified price targets per share for 30 consecutive trading days of $3.50, $4.00, $4.50 and $5.00, provided that the reporting person remains in the continuous employ of the Company through each such vesting date. These shares were issued under the Amended and Restated Cosi, Inc. 2005 Omnibus Long-Term Incentive Plan.