SEC Form 4 · accession 0001437749-15-008238
TOWERSTREAM CORP · TWER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Urso
Director · Other
Period of report
Apr 24, 2015
Accepted (ET)
Apr 28, 2015 · 9:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001349437
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF2,F3 | Apr 24, 2015 | X | 24,636 | — | A | 1,358,890 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF1 | $1.43 | Apr 24, 2015 | X | 78,837 | D | Apr 29, 2005 | Apr 28, 2015 | Common Stock | 78,837 | 78,837 | D |
Explanation of responses
- F1These options were issued in April 2005 and due to expire in April 2015.
- F224,636 shares were issued as result of a cashless exercise of a non-qualified stock option to purchase 78,837 shares of common stock. 54,201 shares were retained by the Company to fund the exercise.
- F3Excludes 103,886 shares of common stock held in trusts for the benefit of Mr.Urso's minor children, of which Mr. Urso is not a trustee. Mr. Urso disclaims beneficial ownership of the 103,886 shares held in trusts.