SEC Form 4 · accession 0001209191-17-040080
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
Jun 13, 2017
Accepted (ET)
Jun 15, 2017 · 3:09 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 | Jun 13, 2017 | S | 7,663 | $179.6834 | D | 102,500 | D | |
| Class B Common Stock, par value $.01 per share | Jun 13, 2017 | M | 13,476 | $50.00 | A | 115,976 | D | |
| Class B Common Stock, par value $.01 per share | Jun 13, 2017 | S | 13,476 | $179.6727 | D | 102,500 | D | |
| Class B Common Stock, par value $.01 per shareF1 | Jun 14, 2017 | M | 8,280 | $50.00 | A | 110,780 | D | |
| Class B Common Stock, par value $.01 per share | holding | — | — | — | 410 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $50.00 | Jun 13, 2017 | M | 13,476 | D | Jun 1, 2017 | Jun 16, 2019 | Class B Common Stock | 13,476 | 8,280 | D |
| Employee Stock Option (Right to Buy) | $50.00 | Jun 14, 2017 | M | 8,280 | D | Jun 1, 2017 | Jun 16, 2019 | Class B Common Stock | 8,280 | 0 | D |
Explanation of responses
- F1Consists of shares of Class B Common Stock, 25,780 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.