SEC Form 4 · accession 0001209191-17-040078
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
Jun 13, 2017
Accepted (ET)
Jun 15, 2017 · 3:05 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 shareF2 | Jun 13, 2017 | S | 6,924 | $179.95 | D | 93,076 | I | By Grantor Retained Annuity Trust |
| Class B Common Stock, par value $.01 per shareF2 | Jun 14, 2017 | S | 2,471 | $179.92 | D | 90,605 | I | By Grantor Retained Annuity Trust |
| Class B Common Stock, par value $.01 per shareF1 | holding | — | — | — | 325,855 | 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
- F1Consists of 205,855 shares held directly; 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; and 60,000 restricted shares of Class B Common Stock that vests as follows: 20,000 on each of April 9, 2018, April 9, 2019 and April 9, 2020.
- F2Shares were sold for the repayment of a loan extended to cover withholding taxes from the April 9, 2017 grant of 60,000 shares of restricted Class B Common Stock to the Reporting Person.