SEC Form 4 · accession 0001209191-15-062483
Straight Path Communications Inc. · STRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zhouyue Pi
Officer — CHIEF TECHNOLOGY OFFICER
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 2:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001574460
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common Stock, par value $.01 per shareF1,F2 | Jul 23, 2015 | A | 30,000 | $0.00 | A | 90,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 23, 2015, the Compensation Committee of the Issuer's Board of Directors approved the grant of these shares of Restricted Stock. This grant of Restricted Stock vests as follows: 10,000 shares on each of October 16, 2016, October 16, 2017 and October 16, 2018.
- F2Consists of restricted shares of Class B Common Stock, which vest as follows: 20,000 shares on each of October 16, 2015, September 1, 2016 and September 1, 2017; and 10,000 shares that vest on each of October 16, 2016, October 16, 2017 and October 16, 2018.