SEC Form 4 · accession 0001437749-16-037990
TOWERSTREAM CORP · TWER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Urso
Officer — Interim Chief ExecutiveOfficer · Director · Other
Period of report
Jul 29, 2016
Accepted (ET)
Aug 23, 2016 · 9:30 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 OptionsF1 | $2.50 | Jul 29, 2016 | A | 500 | A | Jul 29, 2016 | Jul 28, 2026 | Common Stock | 500 | 23,031 | D |
| Stock OptionsF2 | $2.25 | Aug 19, 2016 | A | 206,000 | A | — | Aug 18, 2026 | Common Stock | 206,000 | 229,031 | D |
Explanation of responses
- F1These options were granted under the registrant's 2007 Incentive Stock Plan as part of the terms of Mr. Urso's compensation for his service as Interim Chief Executive Officer. The options were fully vested on the date of grant.
- F2Options granted under registrant's 2016 Equity Incentive Plan. The options vest quarterly over a one year period commencing on the grant date. The option grant is subject to shareholder approval prior to the one year anniversary of the grant date.