SEC Form 4 · accession 0001209191-16-118690
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
May 9, 2016
Accepted (ET)
May 10, 2016 · 12:42 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 | May 9, 2016 | S | 1,000 | $40.00 | D | 80,663 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 23, 2016.
- F2Consists of shares of Class B Common Stock, 10,663 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.