SEC Form 4 · accession 0001209191-16-128938
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
Jun 17, 2016
Accepted (ET)
Jun 21, 2016 · 12:36 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 share | holding | — | — | — | 750 | I | IRA | |
| Class B Common Stock, par value $.01 per shareF1 | holding | — | — | — | 71,939 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3,F2 | $50.00 | Jun 17, 2016 | A | 23,626 | A | — | Jun 16, 2019 | Class B Common Stock | 23,626 | 23,626 | D |
Explanation of responses
- F1Consists of 42,183 shares held directly and 29,756 restricted shares of Class B Common Stock which vests as follows: 12,756 on October 16, 2016 and 17,000 shares that vest on January 3, 2017.
- F2The options will vest and become exercisable ratably over the 12-month period commencing July 1, 2016.
- F3These options were received in lieu of cash compensation.