SEC Form 4 · accession 0001179110-18-010686
CONTROL4 CORP · CTRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles E. Kindel Jr.
Officer — SVP of Products
Period of report
Aug 15, 2018
Accepted (ET)
Aug 17, 2018 · 5:47 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 | Aug 15, 2018 | M | 5,050 | — | A | 5,050 | D | |
| Common StockF2 | Aug 15, 2018 | F | 1,386 | $32.44 | D | 3,664 | D | |
| Common StockF3 | holding | — | — | — | 5 | 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 | — | Aug 15, 2018 | M | 5,050 | D | — | — | Common Stock | 5,050 | 15,150 | 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.
- F3Shares held in Reporting Person's 401(k) Plan.
- F4This RSU was granted June 1, 2018. One-fourth of the shares in the award vested on August 15, 2018. The next 1/4 of the shares will vest on November 15, 2018, the next 1/4 on May 15, 2019, and the remaining 1/4 on November 15, 2019.