SEC Form 4 · accession 0001179110-18-003886
ZAGG Inc · ZAGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Ahern
Officer — CEO · Director
Period of report
Mar 7, 2018
Accepted (ET)
Mar 8, 2018 · 5:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001296205
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3 | Mar 7, 2018 | M | 25,806 | — | A | 123,725 | D | |
| Common Stock | Mar 7, 2018 | D | 25,806 | $15.50 | D | 97,919 | D |
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,F2 | — | Mar 7, 2018 | A | 45,161 | A | — | — | Common Stock | 45,161 | 45,161 | D |
| Restricted Stock UnitsF3,F1,F2 | — | Mar 7, 2018 | M | 25,806 | D | — | — | Common Stock | 25,806 | 19,355 | D |
Explanation of responses
- F1On March 7, 2018, the issuer granted to the reporting person 45,161 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of issuer's common stock, except that the reporting person has the right at any time following the grant to settle up to $400,000 of the restricted stock units for cash.
- F2Subject to the reporting person's right to settle up to $400,000 of the restricted stock units for cash at any time following the grant, the restricted stock units vest in three equal installments on each of the first, second and third anniversaries of the grant date.
- F3On March 7, 2018, the reporting person settled 25,806 restricted stock units for cash.