SEC Form 4 · accession 0001437749-15-021505
TOWERSTREAM CORP · TWER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey M Thompson
Officer — President and CEO · Director
Period of report
Nov 23, 2015
Accepted (ET)
Nov 25, 2015 · 9:00 pm EST
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 | $0.46 | Nov 23, 2015 | A | 33,334 | A | — | Nov 22, 2025 | Common Stock | 33,334 | 33,334 | 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 February 23, 2016.
- F2These options were granted by the Compensation Committee in recognition of management accomplishments in the third quarter of 2015, primarily related to the new sales office in South Florida becoming fully staffed and YTD revenues generated by the office exceeding the Company's Operating Plan.