SEC Form 4/A · accession 0001140361-17-015044
IRADIMED CORP · IRMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Monty K Allen
Director
Period of report
Jan 4, 2017
Accepted (ET)
Apr 5, 2017 · 7:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001325618
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 4, 2017 | M | 1,898 | — | A | 4,398 | D | |
| Common Stock | Jan 4, 2017 | A | 6,562 | $1.48 | A | 10,960 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Jan 4, 2017 | M | 1,898 | D | — | — | Common Stock | 1,898 | 1,899 | D |
| Stock Option (right to buy)F4 | $1.48 | Jan 4, 2017 | M | 6,562 | D | — | — | Common Stock | 6,562 | 6,563 | D |
Explanation of responses
- F1This amendment is being filed to remove reference to improperly withheld shares of common stock issued to the reporting person pursuant to the vesting of restricted stock units. Due to an administrative error, upon the vesting of restricted stock units on 1/4/2017, 620 shares of common stock were withheld to satisfy tax withholding obligations as if the reporting person were an employee of the issuer. This error was corrected and the improperly-withheld 620 shares of common stock were issued to the reporting person on 4/3/2017.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3On January 4, 2016, the reporting person received restricted stock units under Iradimed Corporation's 2014 Equity Incentive Plan. The restricted stock units vest in two equal annual installments beginning on January 4, 2017. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- F4This option, representing a right to purchase a total of 26,250 shares, was granted on 1/1/2014 and vests over 4 years in equal annual installments commencing on the first anniversary of the grant date.