SEC Form 4 · accession 0001437749-16-038091
TOWERSTREAM CORP · TWER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Koehler
Director
Period of report
Jun 1, 2016
Accepted (ET)
Aug 25, 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 | $3.60 | Jun 1, 2016 | A | 2,500 | A | — | May 31, 2026 | Common Stock | 2,500 | 18,000 | D |
| Stock OptionsF2 | $2.43 | Aug 3, 2016 | A | 6,000 | A | — | Aug 2, 2026 | Common Stock | 6,000 | 24,000 | D |
| Stock OptionsF3 | $2.25 | Aug 19, 2016 | A | 89,833 | A | — | Aug 18, 2026 | Common Stock | 89,833 | 113,833 | D |
Explanation of responses
- F1Options granted under the registrant's 2008 Non-Employee Directors Compensation Plan. The options vest monthly over a one year period commencing on the grant date.
- F2Options granted under the registrant's 2007 Incentive Stock Plan. The options were fully vested upon issuance.
- F3Options 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.