SEC Form 4 · accession 0001209191-15-002685
World Energy Solutions, Inc. · XWES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Adams
Officer — President & CEO · Director
Period of report
Jan 5, 2015
Accepted (ET)
Jan 7, 2015 · 11:43 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001371781
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jan 5, 2015 | U | 293,000 | $5.50 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $3.17 | Jan 5, 2015 | U | 50,000 | D | Dec 11, 2010 | Dec 11, 2016 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1These shares are being tendered pursuant to the Agreement and Plan of Merger between World Energy Solutions, Inc., Wolf Merger Sub Corporation, and Enernoc, Inc. dated November 4, 2014.
- F2The number of securities beneficially owned includes 75,000 shares of restricted stock, which have not yet fully vested. Mr. Adams received a grant on June 6, 2012 for 50,000 shares of restricted stock and a grant on February 7, 2013 for 25,000 shares of restricted stock. Both restricted stock grants vest 100% after four years from date of grant. The unvested restricted stock will be cashed out upon the closing date of the Agreement and Plan of Merger between World Energy Solutions, Inc., Wolf Merger Sub Corporation, and Enernoc, Inc. dated November 4, 2014.
- F3The shares in this Employee Stock Option (Right to Buy) are fully vested and will be cashed out upon the closing of the Agreement and Plan of Merger between World Energy Solutions, Inc., Wolf Merger Sub Corporation, and Enernoc, Inc. dated November 4, 2014.