SEC Form 4 · accession 0001104659-16-161313
Euronav MI II Inc. · GNRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard J. Vrondissis
Officer — Executive VP, Secretary & CFO
Period of report
Dec 7, 2016
Accepted (ET)
Dec 8, 2016 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001443799
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 7, 2016 | A | 41,592 | $0.00 | A | 51,175 | D | |
| Common StockF1 | Dec 7, 2016 | F | 17,135 | $3.90 | D | 34,040 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Dec 7, 2016 | D | 41,592 | D | — | — | Common Stock | 41,592 | 83,183 | D |
Explanation of responses
- F1Withholding of shares by the Company to satisfy withholding tax obligations upon delivery of shares for vested restricted stock units.
- F2Each restricted stock unit represents the right to receive a share of common stock, or in the sole discretion of the Company's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
- F3The restricted stock units vest in five equal installments on June 24, 2015, December 1, 2015, December 1, 2016, December 1, 2017 and December 1, 2018 provided that Mr. Vrondissis is employed by the Company or one of its subsidiaries through the applicable vesting date. Upon the consummation of the IPO of the Company on June 30, 2015, the installment scheduled to vest on December 1, 2015 immediately vested.