SEC Form 4 · accession 0000899243-17-008083
Rubicon Technology, Inc. · RBCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Brog
Officer — President and CEO · Director
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 7:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410172
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1,F2 | — | Mar 15, 2017 | A | 900,000 | A | — | Mar 15, 2021 | Common Stock | 900,000 | 900,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F2One sixth of such units will vest if prior to March 15, 2021 the 15-trading day average closing price of the Company's common stock is greater than or equal to the target prices of $0.65, $0.80, $0.95, $1.10, $1.25 and $1.40, respectively.
- F3Restricted stock units were granted pursuant to the Employment Agreement, dated March 15, 2017, between Mr. Brog and the Company.