SEC Form 4 · accession 0001209191-18-013007
Everpure, Inc. · P
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hatfield
Officer — President
Period of report
Feb 20, 2018
Accepted (ET)
Feb 23, 2018 · 4:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001474432
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF3,F4 | Feb 20, 2018 | C | 200,000 | — | A | 381,169 | D | |
| Class A Common StockF5 | Feb 20, 2018 | S | 200,000 | $21.6309 | D | 181,169 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F6 | $1.225 | Feb 20, 2018 | M | 66,667 | D | — | Feb 5, 2023 | Class B Common Stock | 66,667 | 782,107 | D |
| Class B Common StockF3 | — | Feb 20, 2018 | M | 66,667 | A | — | — | Class A Common Stock | 66,667 | 1,010,515 | D |
| Class B Common StockF3 | — | Feb 20, 2018 | C | 200,000 | D | — | — | Class A Common Stock | 200,000 | 810,515 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of the Reporting Person.
- F3Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. The Class B Common Stock will convert automatically into Class A Common Stock on the same basis upon the earlier of (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof, (ii) the affirmative vote of the holders of Class B Common Stock representing not less than a majority of the outstanding shares of Class B Common Stock, or (iii) October 6, 2025.
- F4Includes 1 share of Class A Common Stock that was acquired by the Reporting Person on September 15, 2017 pursuant to the Issuer's Employee Stock Purchase Plan.
- F5The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.34 to $21.92 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6This option is fully vested.