SEC Form 4 · accession 0001179110-16-027229
CONTROL4 CORP · CTRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryce Judd
Officer — SVP of Sales
Period of report
Jun 30, 2016
Accepted (ET)
Jul 1, 2016 · 4:56 pm EDT
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 | — | Jun 30, 2016 | A | 12,400 | A | — | — | Common Stock | 12,400 | 12,400 | D |
| Performance-based Restricted Stock UnitsF2,F4 | — | Jun 30, 2016 | A | 12,400 | A | — | — | Common Stock | 12,400 | 12,400 | D |
| Stock Option (Right to Buy)F5 | $8.16 | Jun 30, 2016 | A | 50,000 | A | — | Jun 30, 2026 | Common Stock | 50,000 | 50,000 | 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 June 30, 2016, and will vest as follows: 1/3 of the shares shall vest on August 15, 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 option will vest and becomes exercisable with respect to 1/4 of the shares on June 27, 2017 and 1/48 of the shares will vest monthly thereafter, subject to the reporting person's continuous service to the Issuer on each such date.