SEC Form 4 · accession 0001140361-18-020032
US GEOTHERMAL INC · HTM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C Pappas
Director
Period of report
Apr 24, 2018
Accepted (ET)
Apr 27, 2018 · 1:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001172136
Table I — non-derivative securities
No Table I lines on this filing.
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)F2,F1 | $4.08 | Apr 24, 2018 | D | 8,000 | D | Mar 28, 2017 | Mar 28, 2022 | Common Shares | 8,000 | 0 | D |
| Stock Option (Right to Buy)F3,F4 | $4.32 | Apr 24, 2018 | D | 16,666 | D | Sep 30, 2016 | Sep 30, 2021 | Common Shares | 16,666 | 0 | D |
Explanation of responses
- F1Reflects grant date; the options were subject to a vesting schedule and were 75% vested as of the effective date of a merger agreement between the Issuer and Ormat Nevada Inc., a subsidiary of Ormat Technologies, Inc. (the "Ormat Merger").
- F2The reporting person received $10,960 as consideration for cancellation of the options pursuant to the Ormat Merger.
- F3Adjusted to reflect 6:1 stock consolidation effective November 10, 2016.
- F4The reporting person received $18,832.58 as consideration for cancellation of the options pursuant to the Ormat Merger.