SEC Form 4 · accession 0001179110-19-002171
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
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 5:38 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 StockF1 | Feb 15, 2019 | M | 3,366 | — | A | 10,850 | D | |
| Common StockF2 | Feb 15, 2019 | F | 999 | $17.89 | D | 9,851 | D | |
| Common StockF1 | Feb 15, 2019 | M | 7,750 | — | A | 17,601 | D | |
| Common StockF2 | Feb 15, 2019 | F | 1,955 | $17.89 | D | 15,646 | D | |
| Common StockF1 | Feb 15, 2019 | M | 3,366 | — | A | 19,012 | D | |
| Common StockF2 | Feb 15, 2019 | F | 820 | $17.89 | D | 18,192 | D | |
| Common StockF3 | holding | — | — | — | 214 | 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 | — | Feb 15, 2019 | M | 3,366 | D | — | — | Common Stock | 3,366 | 6,734 | D |
| Performance-based Restricted Stock UnitsF1,F5 | — | Feb 15, 2019 | M | 7,750 | D | — | — | Common Stock | 7,750 | 0 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 15, 2019 | M | 3,366 | D | — | — | Common Stock | 3,366 | 6,734 | 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 June 1, 2018. One-third of the shares in the award vested on February 15, 2019 due to the achievement of a certain 2018 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 June 1, 2018, and these shares represent all of the shares in the award which vested on February 15, 2019 due to the achievement of a certain 2018 financial performance goal.
- F6This RSU award was granted on June 1, 2018. One-third of the shares in the award vested on February 15, 2019. 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.