SEC Form 4 · accession 0001140361-17-015468
AeroVironment Inc · AVAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy E Conver
Director · Other
Period of report
Apr 6, 2017
Accepted (ET)
Apr 10, 2017 · 5:22 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 Stock | Apr 6, 2017 | M | 32,388 | $22.38 | A | 88,276 | D | |
| Common StockF1 | Apr 6, 2017 | S | 29,090 | $27.15 | D | 59,186 | D | |
| Common Stock | Apr 7, 2017 | M | 32,388 | $22.38 | A | 91,574 | D | |
| Common StockF2 | Apr 7, 2017 | S | 28,806 | $27.58 | D | 62,768 | D | |
| Common Stock | Apr 10, 2017 | A | 33,534 | $22.38 | A | 96,302 | D | |
| Common StockF3 | Apr 10, 2017 | S | 29,681 | $27.84 | D | 66,621 | D | |
| Common StockF4 | holding | — | — | — | 2,055,535 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF5 | $22.38 | Apr 6, 2017 | M | 32,388 | D | — | Jun 22, 2017 | Common Stock | 32,388 | 65,922 | D |
| Option to Purchase Common StockF5 | $22.38 | Apr 7, 2017 | M | 32,388 | D | — | Jun 22, 2017 | Common Stock | 32,388 | 33,534 | D |
| Option to Purchase Common StockF5 | $22.38 | Apr 10, 2017 | M | 33,534 | D | — | Jun 22, 2017 | Common Stock | 0 | 0 | D |
Explanation of responses
- F1The price reported represents the weighted average price of shares sold. Shares were sold at varying prices in the range of $27.00 - $27.36. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F2The price reported represents the weighted average price of shares sold. Shares were sold at varying prices in the range of $27.50 - $27.90. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F3The price reported represents the weighted average price of shares sold. Shares were sold at varying prices in the range of $27.47-$28.04. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F4Held 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.
- F5Options vested in five equal annual installments beginning one year from the date of grant.