SEC Form 4 · accession 0001209191-17-045013
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 12, 2017
Accepted (ET)
Jul 13, 2017 · 3:08 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 12, 2017 | S | 7,909 | $179.9382 | D | 93,922 | D | |
| Class B Common Stock, par value $.01 per share | Jul 12, 2017 | M | 5,346 | $50.00 | A | 99,268 | D | |
| Class B Common Stock, par value $.01 per share | Jul 12, 2017 | S | 5,346 | $179.9859 | D | 93,922 | D | |
| Class B Common Stock, par value $.01 per shareF2 | Jul 12, 2017 | G | 5,386 | $0.00 | D | 88,536 | 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)F3 | $50.00 | Jul 12, 2017 | M | 5,346 | D | — | Jun 16, 2019 | Class B Common Stock | 5,346 | 10,000 | D |
Explanation of responses
- F1The Reporting Person donated these shares of Class B Common Stock to a charitable donor advised fund.
- F2Consists of 49,536 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.
- F3These options vested and became exercisable ratably over the 12-month period commencing July 1, 2016.