SEC Form 4 · accession 0001209191-17-022630
SPARK NETWORKS INC · LOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter Turek
Director
Period of report
Mar 21, 2017
Accepted (ET)
Mar 23, 2017 · 6:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001314475
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $1.00 | Mar 21, 2017 | A | 24,000 | A | — | Mar 21, 2024 | Common Stock | 24,000 | 24,000 | D |
| Restricted Stock UnitF2,F3,F4 | — | Mar 21, 2017 | A | 45,920 | A | — | — | Common Stock | 45,920 | 45,920 | D |
Explanation of responses
- F1Twenty-five percent (25%) of the options vest in four equal installments at end of each fiscal quarter during 2017.
- F2Each restricted stock unit represents a contingent right to receive one share of the Spark Network, Inc.'s (the "Company") common stock.
- F3These shares represent a grant of restricted stock units under the Company's 2007 Omnibus Incentive Plan on March 21, 2017. This grant was made in lieu of cash fees for non-employee director service on the Company's board of directors for 2017. Twenty-five percent (25%) of the restricted stock units subject to the award vest at the end of each fiscal quarter during 2017, subject to the reporting person's continuous service as a director.
- F4Not applicable.