SEC Form 4 · accession 0001593968-17-001070
Ecoark Holdings, Inc. · ZEST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay T. Oliphant
Officer — CORPORATE CONTROLLER, PFO
Period of report
Sep 18, 2017
Accepted (ET)
Sep 21, 2017 · 8:13 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001437491
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ecoark Holdings, Inc. | Sep 18, 2017 | S | 3,809 | $3.10 | D | 146,012 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transaction reported on this Form 4 was mandated by the issuers election under its 2013 Incentive Stock Plan (the Plan) to require the satisfaction of tax withholding obligations to be funded by a Rule 10b5-1 sell to cover transaction. The reporting person was awarded restricted stock under the Plan and subsequently adopted a Rule 10b5-1 trading plan that allowed dispositions solely for the limited purpose of satisfying tax withholding obligations upon the vesting of such award. The transaction reported on this Form 4 does not represent a discretionary trade by the reporting person, but rather was effected pursuant to the reporting persons 10b5-1 trading plan for the limited purpose of satisfying tax withholding obligations upon the partial vesting of the restricted stock awarded under the Plan.