SEC Form 4 · accession 0001209191-15-005243
DAKOTA PLAINS HOLDINGS, INC. · DAKP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gabriel G. Claypool
Officer — President and COO · Director
Period of report
Jan 15, 2015
Accepted (ET)
Jan 20, 2015 · 5:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001367311
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 20, 2015 | F | 20,295 | $1.65 | D | 729,705 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Jan 15, 2015 | A | 429,448 | A | — | — | Common Stock | 429,448 | 429,448 | D |
Explanation of responses
- F1Shares forfeit to satisfy tax withholding obligations.
- F2Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. To the extent shares are not available for issuance under the Issuer's 2011 Equity Incentive Plan (the "Plan") as of any vesting date, each restricted stock unit will represent a right to receive cash payment equal to the Fair Market Value of one share of Issuer common stock as of the date of vesting. The number of shares available for issuance will be determined on a pro rata basis among all restricted stock units eligible for vesting on each determination date.
- F3If on January 15, 2016, sufficient shares are available for issuance under the Plan to satisfy all restricted stock units eligible for vesting on that date, then the restricted stock units will vest in three substantially equal installments on January 15, 2016, 2017 and 2018. Otherwise, 2/3 of the restricted stock units will vest on January 15, 2016 and the remaining restricted stock units will vest on January 15, 2017.