SEC Form 4 · accession 0001437749-16-029120
TOWERSTREAM CORP · TWER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur G Giftakis
Officer — Chief Operating Officer
Period of report
Mar 4, 2016
Accepted (ET)
Apr 5, 2016 · 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 OptionF1 | $0.25 | Mar 4, 2016 | A | 600,000 | A | — | Mar 3, 2026 | Common Stock | 600,000 | 600,000 | D |
Explanation of responses
- F1These options were granted as part of the terms of Mr. Giftakis' compensation for his appointment as Chief Operating Officer. The options are ten-year options and vest over the course of two years in equal quarterly installments.