SEC Form 4 · accession 0001563699-15-000060
Covisint Corp · COVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Asam
Officer — SVP, Delivery Operations
Period of report
Dec 11, 2015
Accepted (ET)
Dec 14, 2015 · 9:25 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001563699
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | Dec 11, 2015 | M | 32,850 | $1.73 | A | 90,961 | D | |
| Common stock | Dec 11, 2015 | S | 6,613 | $2.31 | D | 84,348 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $1.73 | Dec 11, 2015 | M | 32,850 | D | — | Aug 25, 2019 | Common stock | 32,850 | 65,700 | D |
Explanation of responses
- F1This option has vested and becomes exercisable as follows: (i) 40% is exercisable in 2014, (ii) 30% is exercisable in 2015, and (iii) 30% is exercisable in 2016.