SEC Form 4 · accession 0001144204-18-010202
Orchids Paper Products CO /DE · TIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney D Gloss
Officer — Chief Financial Officer
Period of report
Feb 15, 2018
Accepted (ET)
Feb 22, 2018 · 1:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001324189
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option (Right to Buy)F1 | $11.14 | Feb 15, 2018 | A | 10,000 | A | — | Feb 15, 2028 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1The options were granted on February 15, 2018 with an exercise price equal to the average of the high and low trading price on the date of grant. 33% of the options vested on the date of grant, with the remaining vesting ratably over the next two years.