SEC Form 4 · accession 0001179110-18-002330

CONTROL4 CORP · CTRL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Susan Cashen

Officer — SVP of Marketing

Period of report

Feb 15, 2018

Accepted (ET)

Feb 16, 2018 · 7:36 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 Stock^F1	Feb 15, 2018	M	1,417	—	A	1,417	D
Common Stock^F2	Feb 15, 2018	F	580	$24.76	D	837	D
Common Stock^F1	Feb 15, 2018	M	4,933	—	A	5,770	D
Common Stock^F2	Feb 15, 2018	F	1,706	$24.76	D	4,064	D
Common Stock^F1	Feb 15, 2018	M	1,417	—	A	5,481	D
Common Stock^F3	Feb 15, 2018	F	580	$24.76	D	4,901	D
Common Stock^F1	Feb 15, 2018	M	4,933	—	A	9,834	D
Common Stock^F3	Feb 15, 2018	F	1,736	$24.76	D	8,098	D
Common Stock^F1	Feb 15, 2018	M	14,000	—	A	22,098	D
Common Stock^F3	Feb 15, 2018	F	4,842	$24.76	D	17,256	D
Common Stock^F10	Feb 16, 2018	S	1,674	$25.58	D	15,582	D
Common Stock^F9	holding	—	—		—	482	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
Restricted Stock Units^F1,F4	—	Feb 15, 2018	M	1,417	D	—	—	Common Stock	1,417	5,667	D
Restricted Stock Units^F1,F5	—	Feb 15, 2018	M	4,933	D	—	—	Common Stock	4,933	9,867	D
Performance-based Restricted Stock Units^F1,F6	—	Feb 15, 2018	M	1,417	D	—	—	Common Stock	1,417	5,667	D
Performance-based Restricted Stock Units^F1,F7	—	Feb 15, 2018	M	4,933	D	—	—	Common Stock	4,933	9,867	D
Performance-based Restricted Stock Units^F1,F8	—	Feb 15, 2018	M	14,000	D	—	—	Common Stock	14,000	0	D

Explanation of responses

F1Each unit represents the right to receive, at settlement, one share of common stock at no cost.
F10Automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2017.
F2The 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 Control4 on behalf of the Reporting Person. We used the closing price of the shares on the day prior to the vest date for withholding calculations.
F3The 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 Control4 on behalf of the Reporting Person. We used the closing price of the shares on the day prior to the vest date for withholding calculations.
F4This RSU award was granted on January 1, 2016. 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.
F5This RSU award was granted on January 1, 2017. One-third of the shares in the award vested on February 15, 2018. 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.
F6This 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.
F7This PSU award was granted on January 3, 2017. One-third of the shares in the award vested on February 15, 2018 due to the achievement of a certain 2017 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.
F8This PSU award was granted on January 3, 2017, and these shares represent all of the shares in the award which vested on February 15, 2018 due to the achievement of a certain 2017 financial performance goal.
F9Based on the Reporting Person's most recent 401(k) Plan statement.