SEC Form 4 · accession 0001209191-16-146582
Straight Path Communications Inc. · STRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Breau
Officer — GENERAL COUNSEL
Period of report
Oct 19, 2016
Accepted (ET)
Oct 21, 2016 · 4:07 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 | Oct 19, 2016 | F | 1,643 | $29.9606 | D | 30,357 | D | |
| Class B Common Stock, par value $.01 per shareF2 | Oct 19, 2016 | S | 857 | $29.9606 | D | 29,500 | 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.
- F2Consists of 1,500 shares held directly; 4,000 restricted shares of Class B Common Stock that vest on March 16, 2017 and 24,000 restricted shares of Class B Common Stock that vest as follows: 8,000 on each of October 18, 2017, October 17, 2018 and October 16, 2019.