SEC Form 4 · accession 0001493152-16-013190
InspireMD, Inc. · NSPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Kester
Director
Period of report
Sep 6, 2016
Accepted (ET)
Sep 8, 2016 · 12:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001433607
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchase common stock (right to buy)F1 | $0.13 | Sep 6, 2016 | A | 250,000 | A | — | Sep 6, 2026 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1The options vest and become exercisable in three equal annual installments, with 1/3 of the options (rounded down for fractional shares) becoming exercisable on September 6, 2017, an additional 1/3 of the options (rounded down for fractional shares) becoming exercisable on September 6, 2018, and the remaining options becoming exercisable on September 6, 2019, provided that the options vest in full and become exercisable immediately on such date that the Reporting Person is not re-elected as a director at the Issuer's 2017 annual meeting of stockholders or such date that the Reporting Person is not re-nominated as a director for the Issuer's 2017 annual meeting of stockholders.