SEC Form 4 · accession 0001249155-17-000085
S&W Seed Co · SANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Wong
Officer — President & CEO · Director
Period of report
Dec 20, 2017
Accepted (ET)
Dec 22, 2017 · 4:32 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 Sock | Dec 20, 2017 | M | 6,632 | $0.00 | A | 81,632 | D | |
| Common Stock | Dec 20, 2017 | F | 2,061 | $3.50 | D | 79,571 | 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 | — | Dec 20, 2017 | M | 6,632 | D | Dec 20, 2017 | Dec 20, 2017 | Common Stock | 6,632 | 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.
- F2The reporting person is reporting the withholding by the Issuer of an aggregate of 2,061 shares of common stock that vested on December 20, 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 in connection with the 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 the December 20, 2017 vesting date was $3.50.
- F4On December 20, 2016, the reporting person was granted 6,632 RSUs, all of which vested on December 20, 2017.