SEC Form 4 · accession 0001179110-17-002393

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

Feb 10, 2017

Accepted (ET)

Feb 14, 2017 · 6:46 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001259515

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1	Feb 10, 2017	M	5,666	—	A	5,666	D
Common Stock^F2	Feb 10, 2017	F	2,134	$13.93	D	3,532	D
Commom Stock^F1	Feb 10, 2017	M	5,666	—	A	9,198	D
Common Stock^F3	Feb 10, 2017	F	1,832	$13.93	D	7,366	D
Common Stock^F1	Feb 10, 2017	M	14,400	—	A	21,766	D
Common Stock^F3	Feb 10, 2017	F	4,656	$13.93	D	17,110	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F4	—	Feb 10, 2017	M	5,666	D	—	—	Common Stock	5,666	11,334	D
Performance-based Restricted Stock Units^F1,F5	—	Feb 10, 2017	M	5,666	D	—	—	Common Stock	5,666	11,334	D
Performance-based Restricted Stock Units^F1,F6	—	Feb 10, 2017	M	14,400	D	—	—	Common Stock	14,400	0	D

Explanation of responses

F1Each unit represents the right to receive, at settlement, one share of common stock at no cost.
F2The minimum federal and state tax withholding due at the vesting of Restricted Stock Units was satisfied by Control4 through a net issuance of these shares, which were retained by Control4 as treasury stock, and the requisite withholding amount was paid to the relevant tax authorities by Conrol4 on behalf of the Reporting Person.
F3The minimum federal and state tax withholding due at the vesting of Performance-based Restricted Stock Units was satisfied by Control4 through a net issuance of these shares, which were retained by Control4 as treasury stock, and the requisite withholding amount was paid to the relevant tax authorities by Conrol4 on behalf of the Reporting Person.
F4This RSU award was granted on December 31, 2015, and these shares represent the 1/3 of the shares in the award which vested on February 10, 2017. The remaining shares vest as follows, an additional 1/12 of the shares vest quarterly thereafter in each of the following eight quarters.
F5This PSU award was granted on January 1, 2016, and these shares represent the 1/3 of the shares in the award which vested on February 10, 2017 due to the achievement of a certain 2016 financial performance goal. The remaining shares vest as follows, an additional 1/12 of the shares vest quarterly thereafter in each of the following eight quarters.
F6This PSU award was granted on January 1, 2016, and these shares represent all of shares in the award which vested on February 10, 2017 due to the achievement of a certain 2016 financial performance goal.