SEC Form 4 · accession 0001209191-15-076227
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
Oct 16, 2015
Accepted (ET)
Oct 20, 2015 · 12:48 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 | Oct 16, 2015 | F | 5,060 | $40.6221 | D | 84,940 | D | |
| Class B Common Stock, par value $.01 per shareF3 | Oct 16, 2015 | S | 77 | $40.6221 | D | 84,863 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Company required the sale of these shares to cover tax withholding obligations upon the vesting of restricted stock.
- F2Consists of shares of Class B Common Stock, 14,940 of which are held directly and 70,000 restricted shares which vest as follows: 20,000 shares on each of 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.
- F3Consists of shares of Class B Common Stock, 14,863 of which are held directly and 70,000 restricted shares which vest as follows: 20,000 shares on each of 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.