SEC Form 4 · accession 0001140361-15-025614
AeroVironment Inc · AVAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy E Conver
Officer — Chairman, President and CEO · Director · 10% Owner
Period of report
Jun 24, 2015
Accepted (ET)
Jun 26, 2015 · 7:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001368622
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 24, 2015 | A | 15,000 | $0.00 | A | 54,408 | D | |
| Common StockF2 | holding | — | — | — | 2,285,535 | I | See footnote | |
| Common StockF3 | holding | — | — | — | 470,000 | I | See footnote |
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 Purchase)F4 | $26.70 | Jun 24, 2015 | A | 30,000 | A | — | Jun 24, 2025 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1The shares are subject to a right of forfeiture in favor of the Company that lapses with respect to 3,000 shares on each of July 11, 2016, 2017, 2018, 2019 and 2020.
- F2Held by The Conver Family Trust, of which Mr. Conver is one of the trustees. Mr. Conver disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.
- F3Held by The Conver Family Limited Partnership, of which the general partner is The Management Trust and of which Mr. Conver is a trustee. Mr. Conver disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.
- F4The options vest in five equal annual installments beginning one year from the date of grant.