SEC Form 4 · accession 0001179110-17-012298
Everi Holdings Inc. · EVRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Rumbolz
Officer — President and CEO · Director
Period of report
Sep 14, 2017
Accepted (ET)
Sep 14, 2017 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001318568
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 14, 2017 | M | 15,000 | $5.77 | A | 121,742 | D | |
| Common StockF1 | Sep 14, 2017 | S | 15,000 | $6.90 | D | 106,742 | D |
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,F2,F3 | $5.77 | Sep 14, 2017 | M | 15,000 | D | Mar 25, 2009 | Aug 25, 2018 | Common Stock | 15,000 | 1,221,633 | D |
Explanation of responses
- F1The options exercised and traded in this Form 4 were effected pursuant to a 10b5-1 plan adopted by the reporting person on August 14, 2017. The plan provides for a maximum number of 100,000 options to be sold on a monthly basis through March 2018 in accordance with the plan.
- F2The options subject to the transaction(s) reported on this Form 4 would have expired within the next twelve months and the remaining 85,000 options remain subject to expiration, unless they are traded pursuant to the plan.
- F3The options subject to the transaction(s) reported on this Form 4 were executed at a range of stock prices between $6.82 and $7.20.