SEC Form 4 · accession 0001225208-17-008353
CAI International, Inc. · CAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Victor Garcia
Officer — President and CEO · Director
Period of report
Apr 21, 2017
Accepted (ET)
Apr 25, 2017 · 6:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001388430
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 21, 2017 | M | 59,225 | $15.00 | A | 86,125 | D | |
| Common Stock | Apr 21, 2017 | S | 59,225 | $17.25 | D | 26,900 | 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,F2 | $15.00 | Apr 21, 2017 | M | 59,225 | D | — | May 15, 2017 | Common Stock | 59,225 | 0 | D |
Explanation of responses
- F1The option exercise and sale were effected pursuant to a sales plan adopted by the reporting person and intended to comply with Rule 10b5-1 under the Securities Act of 1934.
- F2The option vests with respect to 25% of the shares on May 15, 2008, and additional 1/48th of the shares vest monthly thereafter.
- F3The economic benefit with respect to the remaining portion of this stock option was previously transferred to the reporting person's former spouse pursuant to a domestic relations order, consisting of the right to purchase 65,100 shares of common stock, which were inadvertantly included in the prior report on Form 4 filed by the reporting person on March 3, 2017. The reporting person disclaims beneficial ownership of such portion of this stock option.