SEC Form 4 · accession 0001213900-17-005229
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
May 12, 2017
Accepted (ET)
May 15, 2017 · 4:12 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,F4 | — | May 12, 2017 | J | 30,902 | D | — | Mar 15, 2021 | Common Stock | 30,902 | 29,098 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents or represented a contingent right to receive one share of the Company's common stock.
- F2Pursuant to their terms, the RSUs set forth herein were automatically adjusted in connection with the 1-for-10 reverse stock split of the Company's common stock which occurred on May 5, 2017.
- F330,902 RSUs were canceled and rescinded pursuant to the terms of the Amended and Restated Executive Employment Agreement, dated May 12, 2017, between Mr. Brog and the Company (the "Agreement").
- F4902, 15,000 and 15,000 of such RSUs would have vested if prior to March 15, 2021 the 15-trading day average closing price of the Company's common stock was greater than or equal to the target prices of $11.00, $12.50 and $14.00, respectively.