SEC Form 4 · accession 0001104659-15-023081
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
Carol Bramson
Officer — Chief Executive Officer · Director
Period of report
Mar 24, 2015
Accepted (ET)
Mar 26, 2015 · 4:03 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 StockF1 | Mar 24, 2015 | A | 20,000 | $0.00 | A | 36,646 | D | |
| Common StockF2 | holding | — | — | — | 172,537 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 128,337 | I | See Footnote | |
| Common StockF4 | holding | — | — | — | 9,625 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F5 | $2.64 | Mar 24, 2015 | A | 40,000 | A | — | Mar 24, 2025 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Represents award of restricted stock, of which 25% will vest on each of the first, second, third and fourth anniversaries of the grant date.
- F2Shares held by the Carol E. Bramson Trust and Howard Bramson Trust - Tenants in Common.
- F3Shares held by TBG Capital, LLC Defined Benefit Pension Plan and Trust.
- F4Shares held by TBG Capital, LLC 401k PSP & T, F/B/O Carol E. Bramson.
- F525% of the total number of shares subject to the option shall vest and become exercisable on each of the first, second, third and fourth anniversaries of the March 24, 2015 vesting commencement date.