SEC Form 4 · accession 0001179110-17-004766
Willdan Group, Inc. · WLDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stacy B. McLaughlin
Officer — Chief Financial Officer
Period of report
Mar 14, 2017
Accepted (ET)
Mar 16, 2017 · 9:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001370450
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 14, 2017 | M | 10,000 | $3.89 | A | 14,569 | D | |
| Common StockF1 | Mar 14, 2017 | M | 5,000 | $13.86 | A | 19,569 | D | |
| Common StockF1 | Mar 14, 2017 | M | 3,333 | $14.01 | A | 22,902 | D | |
| Common StockF2,F1 | Mar 14, 2017 | S | 11,317 | $33.77 | D | 11,585 | D | |
| Common StockF3,F1 | Mar 14, 2017 | S | 7,016 | $34.42 | D | 4,569 | D | |
| Common StockF4,F1 | Mar 14, 2017 | S | 3,236 | $33.49 | D | 1,333 | 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)F5 | $3.89 | Mar 14, 2017 | M | 10,000 | D | — | Nov 7, 2023 | Common Stock | 10,000 | 0 | D |
| Stock Option (Right to Buy)F6 | $13.86 | Mar 14, 2017 | M | 5,000 | D | — | Mar 26, 2025 | Common Stock | 5,000 | 10,000 | D |
| Stock Option (Right to Buy)F7 | $14.01 | Mar 14, 2017 | M | 3,333 | D | — | Nov 5, 2024 | Common Stock | 3,333 | 1,667 | D |
Explanation of responses
- F1Includes 1,333 shares of restricted stock that vests in three substantially equal installments on each of March 8, 2018, March 8, 2019 and March 8, 2020.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.16 to $34.01, inclusive. The reporting person undertakes to provide to Willdan Group, Inc., any security holder of Willdan Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3) and (4) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.02 to $34.99, inclusive.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.33 to $33.50, inclusive.
- F5The option became exercisable in three substantially equal installments on each of November 11, 2014, November 11, 2015 and November 11, 2016.
- F6The option, representing a right to purchase a total of 15,000 shares, becomes completely exercisable in three equal installments. The first installment became exercisable on March 26, 2016, and the second and third installments will become exercisable on each of March 26, 2017 and March 26, 2018.
- F7The option, representing a right to purchase a total of 5,000 shares, becomes completely exercisable in three substantially equal installments. The first and second installments became exercisable on each of November 5, 2015 and November 5, 2016, and the third installment will become exercisable on November 5, 2017.