SEC Form 4 · accession 0001563699-16-000157
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
Sep 9, 2016
Accepted (ET)
Sep 12, 2016 · 4:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001563699
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Sep 9, 2016 | A | 100,000 | A | Sep 9, 2017 | Sep 9, 2020 | Common stock | 100,000 | — | D |
Explanation of responses
- F1Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- F2Units vest in equal twenty-five percent parts on the first four anniversary of the award date.