SEC Form 4 · accession 0001209191-17-065795
Fluent, Inc. · FLNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Derek Dubner
Officer — Chief Executive Officer · Director
Period of report
Dec 14, 2017
Accepted (ET)
Dec 15, 2017 · 7:09 am EST
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 | Dec 14, 2017 | P | 1,000 | $3.73 | A | 589,513 | D | |
| Common StockF2 | holding | — | — | — | 58,333 | D | ||
| Common StockF3 | holding | — | — | — | 333,333 | D | ||
| Common StockF4 | holding | — | — | — | 83,333 | D | ||
| Common StockF5 | holding | — | — | — | 150,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 90,700 shares which are subject to certain lock-up restrictions. The lock-up restrictions cease upon a change of control.
- F2Represents RSUs, convertible into common stock of the issuer on a one-for-one basis. The RSUs vest on March 21, 2018, subject to accelerated vesting under certain conditions.
- F3Represents RSUs, convertible into common stock of the issuer on a one-for-one basis. The RSUs vest 50% on November 16, 2017 and November 16, 2018, subject to accelerated vesting under certain conditions.
- F4Represents RSUs, convertible into common stock of the issuer on a one-for-one basis. The RSUs vest 50% on June 1, 2018 and June 1, 2019, subject to accelerated vesting under certain conditions.
- F5Represents shares of restricted stock which vest in equal annual installments on September 1, 2018 and September 1, 2019, and are subject to certain lock-up restrictions, with the Reporting Person able to sell the shares to pay any tax obligation in connection with the issuance. The lock-up restrictions cease upon a change of control.