SEC Form 4 · accession 0001437749-15-017329
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
Sep 11, 2015
Accepted (ET)
Sep 15, 2015 · 9:15 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 OptionF1 | $1.31 | Sep 11, 2015 | A | 50,000 | A | — | Sep 10, 2025 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1These options were granted under the registrant's 2007 Incentive Stock Plan. 50% of the options vest on the one year anniversary date with the remaining 50% vesting quarterly over the following 12 months.