SEC Form 4 · accession 0001563699-16-000112
Covisint Corp · COVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
III Samuel M. Inman
Officer — President and CEO · Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 8, 2016 · 2:48 pm EDT
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 | Jul 1, 2016 | M | 60,731 | $2.18 | A | 102,271 | 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 UnitF1,F2 | — | Jul 1, 2016 | M | 60,731 | D | Jul 1, 2015 | — | Common stock | 60,731 | 60,731 | D |
Explanation of responses
- F1Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- F2One-third of the restricted stock units vested on July 1, 2015, one-third of the restricted stock units vested on July 1, 2016, and the remaining third of the restricted stock units are scheduled to vest on July 1, 2017, assuming continued employment through the applicable vesting date.