SEC Form 4 · accession 0001249155-17-000074
S&W Seed Co · SANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Danielson B. Gardner
Officer — Chief Marketing & Tech Officer
Period of report
Oct 7, 2017
Accepted (ET)
Oct 11, 2017 · 4:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001477246
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 7, 2017 | M | 831 | $0.00 | A | 1,888 | D | |
| Common Stock | Oct 7, 2017 | F | 312 | $3.35 | D | 1,576 | 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 UnitsF3,F4 | — | Oct 7, 2017 | M | 831 | D | Oct 7, 2017 | Oct 7, 2017 | Common Stock | 831 | 832 | D |
Explanation of responses
- F1Represents the settlement of restricted stock units ("RSUs") that vested on October 7, 2017 through the issuance of shares of common stock.
- F2The reporting person is reporting the withholding by the Issuer of an aggregate of 312 shares of common stock that vested on October 7, 2017 pursuant to the RSU award referred to in Table II, but that were not issued in order to satisfy the reporting person's tax withholding obligations upon settlement of the RSU award.
- F3Each RSU is the economic equivalent of one share of S&W Seed Company common stock. The closing price of SANW on October 6, 2017 (the last trading day before the October 7, 2017 vesting date, which fell on a weekend) was $3.35
- F4On October 7, 2016, the reporting person was granted 1,663 RSUs, of which 831 vested on October 7, 2017. The remaining unvested RSUs will vest on October 7, 2018, subject to the reporting person's continued service with the Issuer on the vesting date.