SEC Form 4 · accession 0001104659-18-070464
Summer Infant, Inc. · SUMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Francese
Officer — SVP & Chief Financial Officer
Period of report
Nov 27, 2018
Accepted (ET)
Nov 29, 2018 · 8:31 am EST
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 | Nov 27, 2018 | A | 20,000 | $0.00 | A | 20,000 | 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 | $0.935 | Nov 27, 2018 | A | 30,000 | A | — | Nov 27, 2028 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Represents award of restricted stock, of which one-fourth 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 shall vest and become exercisable on each of the first, second, third and fourth anniversaries of the grant date.