SEC Form 4 · accession 0001144204-16-105221
Business Development Corp of America
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A. Fisher
Officer — President, COO
Period of report
May 9, 2016
Accepted (ET)
May 26, 2016 · 5:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001490927
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1 | May 9, 2016 | F | 2,932 | $8.86 | D | 21,870 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As previously reported, unvested awards of shares ("Awards") of the Issuer's common stock held by AR Global Investments, LLC ("AR Global"), which is an affiliate of BDCA Adviser, LLC (the "Adviser"), were granted to Mr. Fisher pursuant to AR Global's Restricted Stock Unit Plan A (the "Plan") in effect as of March 15, 2015. Thirty-four per cent (34.0%) of these shares vested on March 13, 2016, with the remainder of the unvested Awards under the Plan for Mr. Fisher scheduled to vest as follows: 33% on March 13, 2017 and 33% on March 13, 2018. Accordingly, on March 13, 2016, 5,500 shares vested. However, these shares were not issued to Mr. Fisher until May 9, 2016. Of these shares, also on May 9, 2016, 2,932 were used by Mr. Fisher as payment of tax liability on such shares. As of the date of this report, Mr. Fisher holds unvested Awards with respect to 21,870 shares of the Issuer's common stock pursuant to the Plan.