SEC Form 4 · accession 0001179110-17-007467
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
May 15, 2017
Accepted (ET)
May 17, 2017 · 7:31 pm EDT
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 | May 15, 2017 | M | 1,417 | — | A | 13,403 | D | |
| Common StockF2 | May 15, 2017 | F | 458 | $18.11 | D | 12,945 | D | |
| Common StockF1 | May 15, 2017 | M | 1,417 | — | A | 14,362 | D | |
| Common StockF3 | May 15, 2017 | F | 459 | $18.11 | D | 13,903 | D | |
| Common StockF6 | holding | — | — | — | 257 | I | By 401(k) Plan |
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 | — | May 15, 2017 | M | 1,417 | D | — | — | Common Stock | 1,417 | 9,917 | D |
| Restricted Stock UnitsF1,F5 | — | May 15, 2017 | M | 1,417 | D | — | — | Common Stock | 1,417 | 9,917 | D |
Explanation of responses
- F1Each unit represents the right to receive, at settlement, one share of common stock at no cost.
- F2The 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 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. One-third of the shares in the award 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, on the 15th of May, August, November and February in each of the following eight quarters.
- F5This RSU award was granted on December 31, 2015. One-third of the shares in the award vested on February 10, 2017. The remaining shares vest as follows, an additional 1/12 of the shares vest quarterly, on the 15th of May, August, November and February in each of the following eight quarters.
- F6Based on Reporting Person's 401(k) Plan Statement.