SEC Form 4 · accession 0001179110-18-013013

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

Nov 15, 2018

Accepted (ET)

Nov 19, 2018 · 6:16 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	Nov 15, 2018	M	1,417	—	A	1,417	D
Common Stock^F2	Nov 15, 2018	F	703	$22.21	D	714	D
Common Stock^F1	Nov 15, 2018	M	1,233	—	A	1,947	D
Common Stock^F2	Nov 15, 2018	F	612	$22.21	D	1,335	D
Common Stock^F1	Nov 15, 2018	M	1,417	—	A	2,752	D
Common Stock^F2	Nov 15, 2018	F	703	$22.21	D	2,049	D
Common Stock^F1	Nov 15, 2018	M	1,233	—	A	3,282	D
Common Stock^F2	Nov 15, 2018	F	612	$22.21	D	2,670	D
Common Stock	Nov 16, 2018	M	5,022	$4.89	A	7,692	D
Common Stock^F9	Nov 16, 2018	S	5,022	$22.48	D	2,670	D
Common Stock^F3	holding	—	—		—	757	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 Units^F1,F4	—	Nov 15, 2018	M	1,417	D	—	—	Common Stock	1,417	1,417	D
Performance-based Restricted Stock Units^F1,F5	—	Nov 15, 2018	M	1,233	D	—	—	Common Stock	1,233	6,167	D
Restricted Stock Units^F1,F6	—	Nov 15, 2018	M	1,417	D	—	—	Common Stock	1,417	1,417	D
Restricted Stock Units^F1,F7	—	Nov 15, 2018	M	1,233	D	—	—	Common Stock	1,233	6,167	D
Stock Option (Right to Buy)^F8	$4.89	Nov 16, 2018	M	5,022	D	—	Aug 31, 2019	Common Stock	5,022	15,060	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 these 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 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 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.
F6This 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.
F7This RSU award was granted on January 3, 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.
F8Incentive Stock Options granted September 1, 2009, which vested over 4 years and are now fully vested and exercisable.
F9This price represents the weighted average sale price for various open-market sales through a broker-dealer ranging from $22.00 per share to $22.97 per share. Full information regarding the number of shares sold at each price will be provided upon request from the SEC, the Issuer or a security holder.