SEC Form 4 · accession 0001179110-18-006889
CONTROL4 CORP · CTRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Joshua D. Ellis
Officer — General Counsel
Period of report
May 15, 2018
Accepted (ET)
May 16, 2018 · 4:33 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, 2018 | M | 600 | — | A | 2,701 | D | |
| Common StockF2 | May 15, 2018 | F | 171 | $24.74 | D | 2,530 | D | |
| Common StockF1 | May 15, 2018 | M | 467 | — | A | 2,997 | D | |
| Common StockF2 | May 15, 2018 | F | 133 | $24.74 | D | 2,864 | D | |
| Common StockF3 | holding | — | — | — | 430 | 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 UnitsF1,F4 | — | May 15, 2018 | M | 600 | D | — | — | Common Stock | 600 | 1,800 | D |
| Restricted Stock UnitsF1,F5 | — | May 15, 2018 | M | 467 | D | — | — | Common Stock | 467 | 3,458 | 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 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.
- F3Based on the Reporting Person's most recent 401(k) Plan statement.
- F4This RSU award was granted on January 29, 2016. One-third of the shares in the award vested on February 15, 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 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.