SEC Form 4 · accession 0001209191-17-044350
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
Jul 5, 2017
Accepted (ET)
Jul 7, 2017 · 3:20 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 | Jul 5, 2017 | S | 30,000 | $179.60 | D | 60,605 | I | By Grantor Retained Annuity Trust |
| Class B Common Stock, par value $.01 per share | Jul 6, 2017 | G | 16,700 | $0.00 | D | 309,155 | D | |
| Class B Common Stock, par value $.01 per shareF3 | Jul 6, 2017 | J | 32,512 | $0.00 | D | 276,643 | D | |
| Class B Common Stock, par value $.01 per share | Jul 6, 2017 | J | 32,512 | $0.00 | A | 93,117 | 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
- F1Shares donated to a charitable donor advised fund.
- F2Reporting Person transferred these shares from his own direct holdings to the Grantor Retained Annuity Trust, which is part of the Reporting Person's indirect holdings.
- F3Consists of 156,643 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.