SEC Form 4 · accession 0001104659-15-018913
Summer Infant, Inc. · SUMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Kenneth Price
Officer — Pres. Global Sales & Marketing
Period of report
Mar 6, 2015
Accepted (ET)
Mar 11, 2015 · 5:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001314772
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 6, 2015 | M | 25,000 | $1.85 | A | 25,000 | D | |
| Common StockF1 | Mar 6, 2015 | S | 25,000 | $2.9253 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $1.85 | Mar 6, 2015 | M | 25,000 | D | — | Jan 13, 2024 | Common Stock | 25,000 | 50,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.90 to $3.04, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 to this Form 4.
- F2One-third of the total number of shares subject to the option shall vest and become exercisable on each of the first, second and third anniversaries of the January 13, 2014 vesting commencement date.