SEC Form 4 · accession 0001209191-18-004669
AIRGAIN INC · AIRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles A. Myers
Officer — President and CEO · Director
Period of report
Jan 19, 2018
Accepted (ET)
Jan 19, 2018 · 9:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001272842
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jan 19, 2018 | S | 15,000 | $10.00 | D | 195,924 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $10.94 | Jan 19, 2018 | A | 175,000 | A | — | Jan 18, 2028 | Common Stock | 175,000 | 175,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $10.00 to $10.01 per share, inclusive. The Reporting Person will provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.
- F3The shares are held in a trust of which the Reporting Person is a trustee.
- F4The option is exercisable as it vests. 25% of the shares subject to the option vest on January 19, 2019, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The option may accelerate under certain conditions pursuant to the Reporting Person's employment agreement.