SEC Form 4 · accession 0001351285-17-000029
ROSETTA STONE INC · RST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence Franklin
Director
Period of report
Mar 17, 2017
Accepted (ET)
Mar 21, 2017 · 6:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001351285
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 17, 2017 | M | 6,500 | $6.08 | A | 26,000 | D | |
| Common StockF1,F2 | Mar 17, 2017 | S | 3,000 | $9.29 | D | 23,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $6.08 | Mar 17, 2017 | M | 6,500 | D | — | Mar 21, 2017 | Common Stock | 6,500 | 0 | D |
Explanation of responses
- F1This number represents shares of Common Stock sold to satisfy income tax obligation due on 4,361 shares of restricted stock acquired upon the exercise of 6,500 stock options reported herein.
- F2This transaction was executed in multiple trades at an average price of $9.2864 per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or security holder of the issuer, full information regarding the number of shares sold at each transaction.
- F3Options became fully vested on April 1, 2011.