SEC Form 4 · accession 0001209191-17-044308
Straight Path Communications Inc. · STRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Rand
Officer — CFO
Period of report
Jul 5, 2017
Accepted (ET)
Jul 7, 2017 · 11:22 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 | Jul 5, 2017 | M | 8,280 | $50.00 | A | 101,831 | D | |
| Class B Common Stock, par value $.01 per share | holding | — | — | — | 750 | I | IRA | |
| 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)F2 | $50.00 | Jul 5, 2017 | M | 8,280 | D | — | Jun 16, 2019 | Class B Common Stock | 8,280 | 15,346 | D |
Explanation of responses
- F1Consists of 62,831 shares held directly and 39,000 restricted shares of Class B Common Stock that vest as follows: 13,000 on each of October 18, 2017, October 17, 2018, and October 16, 2019.
- F2The options vested and became exercisable ratably over the 12-month period commencing July 1, 2016.