SEC Form 4 · accession 0001249155-17-000082
S&W Seed Co · SANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grover T. Wickersham
Director
Period of report
Dec 20, 2017
Accepted (ET)
Dec 22, 2017 · 4:03 pm EST
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 | Dec 20, 2017 | M | 5,763 | $0.00 | A | 166,477 | D | |
| Common StockF2 | holding | — | — | — | 23,723 | I | By corporation |
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 | — | Dec 20, 2017 | M | 5,763 | D | Dec 20, 2017 | Dec 20, 2017 | Common Stock | 5,763 | 0 | D |
Explanation of responses
- F1Represents the settlement of restricted stock units ("RSUs") that vested on December 20, 2017 through the issuance of shares of common stock.
- F2Owned directly by RWL Management, Inc. The reporting person is the majority owner, an officer and one of two directors of the corporation. He disclaims beneficial ownership except to the extent of his pecuniary interest in the corporation. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purposes.
- F3Each RSU is the economic equivalent of one share of S&W Seed Company common stock. The closing price of SANW on the December 20, 2017 vesting date was $3.50.
- F4On December 20, 2016, the reporting person was awarded 5,763 RSUs, all of which vested on December 20, 2017.