SEC Form 4 · accession 0001437749-15-014620
TOWERSTREAM CORP · TWER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph P Hernon
Officer — Chief Financial Officer
Period of report
Jul 30, 2015
Accepted (ET)
Aug 3, 2015 · 9:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001349437
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2,F1 | $1.55 | Jul 30, 2015 | A | 27,084 | A | — | Jul 29, 2025 | Common Stock | 27,084 | 27,084 | D |
Explanation of responses
- F1These options were granted under the registrant's 2007 Incentive Stock Plan. The options vest quarterly over a one year period with the first tranche vesting on October 30, 2015.
- F2These options were granted by the Compensation Committee in recognition of management accomplishments in the first half of 2015, primarily related to the successful opening of a new sales office in South Florida.