SEC Form 4 · accession 0001209191-16-146339
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 17, 2016
Accepted (ET)
Oct 19, 2016 · 3:18 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 17, 2016 | F | 12,500 | $30.0805 | D | 113,163 | D | |
| Class B Common Stock, par value $.01 per share | holding | — | — | — | 410 | I | By 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sale of shares to cover tax withholding obligations under the vesting of restricted stock.
- F2Consists of shares of Class B Common Stock, 28,163 of which are held directly and 85,000 restricted shares which vest as follows: 30,000 on October 16, 2017; 10,000 on October 16, 2018; and 15,000 on each of October 17, 2018, October 16, 2019, and October 16, 2020.