SEC Form 4 · accession 0001209191-18-018895
Fluent, Inc. · FLNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Benz
Director
Period of report
Mar 8, 2018
Accepted (ET)
Mar 12, 2018 · 5:17 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 | Mar 8, 2018 | A | 30,000 | $0.00 | A | 75,001 | D | |
| Common StockF2 | holding | — | — | — | 10,000 | D | ||
| Common StockF3 | holding | — | — | — | 1,666 | D | ||
| Common StockF4 | holding | — | — | — | 8,333 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 8, 2018, the reporting person received a grant of 30,000 shares, under the 2015 Stock Incentive Plan, as amended. The shares are fully-vested.
- F2On April 13, 2017, the reporting person received a grant of RSUs, convertible into common stock of the issuer on a one-for-one basis. The remaining 10,000 RSUs vest on June 1, 2018 and 2019, subject to accelerated vesting under certain conditions.
- F3On November 16, 2015, the reporting person received a grant, subject to stockholder approval which was obtained June 1, 2016, of 5,000 RSUs, convertible into common stock of the issuer on a one-for-one basis. The RSUs vest in three equal annual installments beginning November 16, 2016 (the "Time Conditions") provided, however, that no tranche of RSUs will vest until it is determined that Cogint, Inc. has exceeded certain revenue targets and achieved positive EBITDA in any one fiscal year during the vesting period (the "Performance Conditions"). Cogint, Inc. determined the Performance Conditions were met effective March 14, 2017. As such, the remaining tranche vests on November 16, 2018.
- F4Represents RSUs convertible into common stock of the issuer on a one-for-one basis. The RSUs vest on June 16, 2018, subject to accelerated vesting under certain conditions.