SEC Form 4 · accession 0001104659-16-132815
Summer Infant, Inc. · SUMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Messner
Officer — President and C.E.O.
Period of report
Jul 13, 2016
Accepted (ET)
Jul 15, 2016 · 4:04 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 | Jul 13, 2016 | A | 50,000 | $0.00 | A | 50,000 | 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 | $1.70 | Jul 13, 2016 | A | 100,000 | A | — | Jul 13, 2026 | Common Stock | 100,000 | 100,000 | 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.
- F225% of the total number of shares subject to the option will vest and become exercisable on each of the first, second, third and fourth anniversaries of the grant date.