SEC Form 4 · accession 0001179110-16-017213
CONTROL4 CORP · CTRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Novakovich
Officer — Chief Financial Officer
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 6:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001259515
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Dec 31, 2015 | A | 17,000 | A | — | — | Common Stock | 17,000 | 17,000 | D |
| Performance-based Restricted Stock UnitsF2,F4 | — | Jan 1, 2016 | A | 17,000 | A | — | — | Common Stock | 17,000 | 17,000 | D |
| Performance-based Restricted Stock UnitsF2,F5 | — | Jan 1, 2016 | A | 14,400 | A | — | — | Common Stock | 14,400 | 14,400 | D |
Explanation of responses
- F1Each RSU represents the right to receive, at settlement, one share of common stock at no cost.
- F2Each PSU represents the right to receive, at settlement, one share of common stock at no cost.
- F3This RSU award was granted on December 31, 2015, and will vest as follows: 1/3 of the shares shall vest on February 10, 2017, and an additional 1/12 of the shares shall vest quarterly thereafter in each of the following eight quarters, subject to the reporting person's continuous service to the Issuer on each such date.
- F4This PSU award was granted on January 1, 2016, and upon the certification that certain 2016 financial performance goals were achieved, these shares will vest as follows: 1/3 of the shares shall vest on February 10, 2017, and an additional 1/12 of the shares shall vest quarterly thereafter in each of the following eight quarters, subject to the reporting person's continuous service to the Issuer on each such date.
- F5This PSU award was granted on January 1, 2016, and upon the certification that certain 2016 financial performance goals were achieved, these shares will vest in full on February 10, 2017, subject to the reporting person's continuous service to the Issuer on each such date.