SEC Form 4 · accession 0001209191-16-146818
Straight Path Communications Inc. · STRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Davidi Jonas
Officer — CEO & PRESIDENT · Director
Period of report
Oct 21, 2016
Accepted (ET)
Oct 25, 2016 · 10:45 am 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 21, 2016 | F | 16,469 | $29.1188 | D | 280,123 | D | |
| Class B Common Stock, par value $.01 per shareF2 | Oct 21, 2016 | F | 2,400 | $29.0096 | D | 277,723 | D | |
| Class B Common Stock, par value $.01 per shareF1,F3 | Oct 24, 2016 | F | 11,868 | $27.5989 | D | 265,855 | D | |
| Class B Common Stock, par value $.01 per share | holding | — | — | — | 100,000 | I | By Grantor Retained Annuity Trust | |
| 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 upon the vesting of restricted shares pursuant to a 10b5-1 plan dated October 11, 2016.
- F2Open market sale of shares to cover tax withholding obligations upon the vesting of restricted shares.
- F3Consists of 182,855 shares held directly; 23,000 restricted shares of Class B Common Stock that vest on February 1, 2017 and 60,000 restricted shares of Class B Common Stock that vest as follows: 20,000 on each of October 18, 2017, October 17, 2018 and October 16, 2019.