SEC Form 4 · accession 0001209191-17-027070
Fluent, Inc. · FLNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jinbo Wang
Officer — Chief Accounting Officer
Period of report
Aug 1, 2016
Accepted (ET)
Apr 17, 2017 · 4:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001460329
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 1, 2016 | M | 15,000 | $0.00 | A | 50,400 | D | |
| Common StockF3 | Aug 1, 2016 | F | 4,324 | $5.16 | D | 46,076 | D | |
| Common StockF4,F5 | Aug 1, 2016 | A | 2,000 | $0.00 | A | 48,076 | D | |
| Common StockF6 | Aug 1, 2016 | F | 576 | $5.16 | D | 47,500 | D | |
| Common StockF7,F8 | Apr 13, 2017 | A | 30,000 | $0.00 | A | 30,000 | D | |
| Common StockF9 | holding | — | — | — | 4,000 | 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 UnitsF10,F1 | $0.00 | Aug 1, 2016 | M | 15,000 | A | — | — | Common Stock | 15,000 | 30,000 | D |
Explanation of responses
- F1Represents the vesting and delivery of 15,000 shares of common stock underlying restricted stock units originally granted to the reporting person on August 1, 2014.
- F10Restricted stock units convert into common stock on a one-for-one basis.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3Represents the payment of a tax liability by the withholding of 4,324 shares of common stock upon vesting of the restricted stock units.
- F4On June 3, 2016, the reporting person was granted 6,000 restricted stock units, vesting in three equal annual installments beginning on August 1, 2016, subject to continued employment and accelerated vesting under certain conditions.
- F5Represents the vesting of 2,000 shares of common stock underlying restricted stock units originally granted to the reporting person on June 3, 2016.
- F6Represents the payment of a tax liability by the withholding of 576 shares of common stock upon vesting of the restricted stock units.
- F7On April 13, 2017, the reporting person received a grant of 30,000 restricted stock units, convertible into common stock of the issuer on a one-for-one basis. The restricted stock units vest in three approximately equal installments on June 1, 2017, 2018 and 2019, subject to accelerated vesting under certain conditions.
- F8Within 30 days of the effective grant date, the reporting person may elect to defer delivery of any vested RSUs until a later date.
- F9Represents restricted stock units, convertible into common stock of the issuer on a one-for-one basis. The 4,000 remaining restricted stock units vest annually in two equal installments on August 1, 2017 and August 1, 2018, subject to accelerated vesting in certain conditions.