SEC Form 4 · accession 0001179110-17-002398
CONTROL4 CORP · CTRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Plaehn
Officer — Chairman, CEO and President · Director
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 6:49 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 10, 2017 | M | 20,000 | — | A | 20,000 | D | |
| Common StockF2 | Feb 10, 2017 | F | 6,720 | $13.93 | D | 13,280 | D | |
| Common StockF1 | Feb 10, 2017 | M | 20,400 | — | A | 33,680 | D | |
| Common StockF2 | Feb 10, 2017 | F | 6,600 | $13.93 | D | 27,080 | D | |
| Common StockF1 | Feb 10, 2017 | M | 20,000 | — | A | 47,080 | D | |
| Common StockF3 | Feb 10, 2017 | F | 6,470 | $13.93 | D | 40,610 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Restricted Stock UnitsF1,F4 | — | Feb 10, 2017 | M | 20,000 | D | — | — | Common Stock | 20,000 | 40,000 | D |
| Performance-based Restricted Stock UnitsF1,F5 | — | Feb 10, 2017 | M | 20,400 | D | — | — | Common Stock | 20,400 | 0 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 10, 2017 | M | 20,000 | D | — | — | Common Stock | 20,000 | 40,000 | 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 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.
- F3The 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.
- F4This 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.
- F5This 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.
- F6This RSU 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. The remaining shares vest as follows, an additional 1/12 of the shares vest quarterly thereafter in each of the following eight quarters.