SEC Form 4 · accession 0001144204-15-005255
InspireMD, Inc. · NSPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan Milinazzo
Officer — President and CEO · Director
Period of report
Jan 3, 2015
Accepted (ET)
Feb 2, 2015 · 1:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001433607
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 3, 2015 | F | 48,084 | $0.80 | D | 800,648 | D | |
| Common StockF1 | Jan 26, 2015 | A | 52,999 | $0.00 | A | 853,647 | D | |
| Common StockF1 | Jan 26, 2015 | A | 152,084 | $0.00 | A | 1,005,731 | D | |
| Common StockF2 | Jan 26, 2015 | A | 312,500 | — | A | 1,318,231 | D | |
| Common Stock | Jan 29, 2015 | F | 9,352 | $0.83 | D | 1,308,879 | D | |
| Common Stock | Jan 31, 2015 | F | 10,443 | $0.80 | D | 1,298,436 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F3 | $0.72 | Jan 26, 2015 | A | 52,999 | A | — | Jan 26, 2025 | Common Stock | 52,999 | 52,999 | D |
| Stock Options (right to buy)F3 | $0.72 | Jan 26, 2015 | A | 254,737 | A | — | Jan 26, 2025 | Common Stock | 254,737 | 254,737 | D |
Explanation of responses
- F1Represents a restricted stock award that is subject to forfeiture until vested. This award vests in three equal annual installments, with 1/3 vesting on each of January 26, 2016, January 26, 2017 and January 26, 2018, subject to Mr. Milinazzo's continued service.
- F2Represents a restricted stock award granted in lieu of cash payment equal to 50% of Mr. Milinazzo's base salary based on the value of the Issuer's common stock on the date of grant. 100% of this award vests on January 26, 2016, subject to Mr. Milinazzo's continued service.
- F3The option vests in three equal annual installments, with 1/3 becoming exercisable on each of January 26, 2016, January 26, 2017 and January 26, 2018, subject to Mr. Milinazzo's continued service.