SEC Form 4 · accession 0001547522-17-000051
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
Apr 6, 2017
Accepted (ET)
Apr 10, 2017 · 4:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410172
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | Apr 6, 2017 | M | 300,000 | $0.00 | A | 415,594 | D | |
| Common StockF2,F3 | Apr 6, 2017 | F | 138,000 | $0.80 | D | 277,594 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 15, 2017, the reporting person was granted 900,000 restricted stock units (?RSUs?). One sixth of such RSUs would 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. On April 6, 2017, 300,000 of such RSUs vested based upon their terms.
- F2As permitted under the Company?s 2016 Equity Incentive Plan, on April 6, 2017, the Company withheld 138,000 shares of common stock from the reporting person to pay certain FICA, Medicare and Income Withholding taxes in connection with the vesting of such RSUs.
- F3Includes 73,529 shares of restricted common stock.