SEC Form 4 · accession 0001249155-18-000059
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 1, 2018
Accepted (ET)
Oct 3, 2018 · 6:33 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 1, 2018 | M | 529 | $0.00 | A | 3,754 | D | |
| Common Stock | Oct 1, 2018 | M | 410 | $0.00 | A | 4,164 | D | |
| Common Stock | Oct 1, 2018 | F | 325 | $2.69 | D | 3,839 | 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 1, 2018 | M | 529 | D | Oct 1, 2017 | Jul 1, 2020 | Common Stock | 529 | 3,706 | D |
| Restricted Stock UnitsF3,F5 | — | Oct 1, 2018 | M | 410 | D | Oct 1, 2018 | Jul 1, 2021 | Common Stock | 410 | 4,512 | D |
Explanation of responses
- F1Represents the settlement of restricted stock units ("RSUs") that vested on October 1, 2018 through the issuance of shares of common stock.
- F2The reporting person is reporting the withholding by the Issuer of an aggregate of 325 shares of common stock that vested on October 1, 2018 pursuant to the RSU awards 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 awards.
- F3Each RSU is the economic equivalent of one share of S&W Seed Company common stock. The closing price of SANW on the October 1, 2018 vesting date was $2.69.
- F4On September 18, 2017, the reporting person was granted 6,351 RSUs, of which 529 vested on October 1, 2018. The remaining unvested RSUs will continued to vest in equal installments on the first day of each quarter through and including July 1, 2020, subject to the reporting person's continued service with the Issuer on each respective vesting date.
- F5On August 31, 2018, the reporting person was granted 4,922 RSUs, of which 410 vested on October 1, 2018. The remaining unvested RSUs will continue to vest in equal installments on the first day of each quarter through and including July 1, 2021, subject to the reporting person's continued service with the Issuer on each respective vesting date.