SEC Form 4 · accession 0001562180-16-001373
OLD PSG WIND-DOWN LTD. · PSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark J Vendetti
Officer — Executive Vice President / CFO
Period of report
Jan 20, 2016
Accepted (ET)
Jan 22, 2016 · 1:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001514242
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $5.92 | Jan 20, 2016 | A | 90,000 | A | — | Jan 20, 2026 | Common Shares | 90,000 | 90,000 | D |
| Restricted Stock UnitF2 | — | Jan 20, 2016 | A | 30,000 | A | — | — | Common Shares | 30,000 | 30,000 | D |
Explanation of responses
- F1The options were granted on January 20, 2016 pursuant to the Nonqualified Stock Option Award Agreement between the Company and the Reporting Person and, subject to certain conditions, the options vest over four years, with the first 25% vesting on the first anniversary of the date of grant and 25% vesting yearly thereafter.
- F2This grant of Restricted Stock Units (each, an RSU) was granted on January 20, 2016 pursuant to the Restricted Stock Unit Award Agreement between the Company and the Reporting Person. Each RSU is the economic equivalent of one common share of the Company. Subject to certain conditions, the RSUs will generally vest over four years, with the first 25% vesting on the first anniversary of the date of grant and 25% vesting yearly thereafter.