SEC Form 4 · accession 0001209191-16-109386
Straight Path Communications Inc. · STRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Rand
Officer — CFO
Period of report
Mar 16, 2016
Accepted (ET)
Mar 18, 2016 · 12:07 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 | Mar 16, 2016 | F | 6,585 | $31.9592 | D | 76,313 | D | |
| Class B Common Stock, par value $.01 per shareF1 | Mar 17, 2016 | F | 2,241 | $31.9925 | D | 74,072 | D | |
| Class B Common Stock, par value $.01 per shareF2,F3 | Mar 17, 2016 | S | 2,133 | $31.9925 | D | 71,939 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sale of shares to cover tax withholding obligations upon the vesting of restricted stock.
- F2Sale of shares to cover taxes on grants that vested in 2015.
- F3Consists of 42,183 shares held directly and restricted shares of Class B Common Stock which vest as follows: 12,756 on August 2, 2016 and 17,000 shares that vest on January 3, 2017.