SEC Form 4 · accession 0001192482-15-000387
TECHPRECISION CORP · TPCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard F Fitzgerald
Officer — Chief Financial Officer
Period of report
Aug 12, 2015
Accepted (ET)
Sep 14, 2015 · 8:33 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001328792
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 12, 2015 | F | 67,500 | $0.08 | A | 67,500 | 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 UnitsF1 | — | Aug 12, 2015 | F | 90,000 | A | — | — | Common Stock | 90,000 | 67,500 | D |
Explanation of responses
- F1Subject to the reporting persons continued service with the issuer or its subsidiaries, 1/3 of the Restricted Stock Units vest upon the timely completion of a new financing that provides adequate liquidity to the issuer for one year; 1/3 of the Restricted Stock Units vest upon the timely filing of the issuer's Annual Report on Form 10-K for the fiscal year ended March 31, 2014, with no material weaknesses; and 1/3 of the Restricted Stock Units vest on March 18, 2015. The issuer's board of directors approved the vesting of all of the Resricted Stock Units on August 12, 2015.