SEC Form 4 · accession 0001214659-17-005535
Professional Diversity Network, Inc. · IPDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maoji Wang
Officer — Chief Executive Officer · Director
Period of report
Sep 5, 2017
Accepted (ET)
Sep 7, 2017 · 4:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001546296
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 | Sep 5, 2017 | P | 7,100 | $4.55 | A | 25,100 | D | |
| Common Stock, par value $0.01 | Sep 6, 2017 | P | 5,000 | $5.00 | A | 30,100 | D | |
| Common Stock, par value $0.01 | Sep 6, 2017 | P | 1,230 | $4.95 | A | 31,330 | D |
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 | $9.99 | holding | — | — | — | — | Dec 22, 2026 | Common Stock | 210,000 | 210,000 | D |
Explanation of responses
- F1The option vests in accordance with the following schedule: (i) 1/3 of the shares underlying the option vested immediately on the date of grant (December 22, 2016), (ii) 1/3 of the shares underlying the option will vest on December 22, 2017, and (iii) 1/3 of the shares underlying the option will vest on December 22, 2018.