SEC Form 4 · accession 0001209191-17-057498
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
Oct 17, 2017
Accepted (ET)
Oct 19, 2017 · 5:32 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 shareF1 | Oct 17, 2017 | F | 4,627 | $181.506 | D | 83,909 | D | |
| Class B Common Stock, par value $.01 per shareF1 | Oct 18, 2017 | F | 2,116 | $181.506 | D | 81,793 | D | |
| Class B Common Stock, par value $.01 per share | Oct 18, 2017 | S | 3,935 | $181.5095 | D | 77,858 | D | |
| Class B Common Stock, par value $.01 per shareF2 | Oct 19, 2017 | S | 578 | $181.5016 | D | 77,280 | 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
No Table II lines on this filing.
Explanation of responses
- F1Sale of shares to cover tax withholding obligations upon the vesting of restricted shares.
- F2Consists of 51,280 shares held directly and 26,000 restricted shares of Class B Common Stock that vest as follows: 13,000 on each of October 17, 2018, and October 16, 2019.