SEC Form 4 · accession 0000899243-18-003102
NantHealth, Inc. · NH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Allen Louks
Officer — Chief Operating Officer
Period of report
Feb 6, 2018
Accepted (ET)
Feb 7, 2018 · 4:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001566469
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 6, 2018 | M | 10,000 | — | A | 89,690 | D | |
| Common Stock | Feb 6, 2018 | F | 3,525 | $3.02 | D | 86,165 | D | |
| Common StockF3 | Feb 6, 2018 | S | 6,475 | $3.02 | D | 79,690 | 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 UnitsF1,F2 | — | Feb 6, 2018 | M | 10,000 | D | — | — | Common Stock | 10,000 | 80,000 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") is the economic equivalent of one share of NantHealth, Inc. common stock.
- F2Subject to the Reporting Person's continuing to be a service provider (as defined in the 2016 Equity Incentive Plan) through each applicable vesting date, 40,000 RSUs vested on October 6, 2017, with the remaining 120,000 RSUs to vest monthly in equal amounts for 12 months, beginning on November 6, 2017. Upon vesting, the issuer will withhold shares sufficient to satisfy tax withholding obligations; the issuer will then be responsible for remitting a cash payment for the related withholding taxes; and the issuer will issue to the Reporting Person a net lower number of shares. In addition, upon vesting, the issuer and the Reporting Person have agreed that the issuer will repurchase the remaining shares at the then current market value.
- F3Pursuant to the terms of the grant, the Issuer repurchased the shares at a price per share equal to the closing price on the date of vesting.