SEC Form 4 · accession 0001209191-17-066846
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
Dec 19, 2017
Accepted (ET)
Dec 21, 2017 · 5:42 pm EST
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 | Dec 19, 2017 | M | 42,325 | $50.00 | A | 318,968 | D | |
| Class B Common Stock, par value $.01 per share | Dec 20, 2017 | S | 78,591 | $181.4618 | D | 14,526 | I | By Grantor Retained Annuity Trust |
| Class B Common Stock, par value $.01 per share | Dec 21, 2017 | G | 30,028 | $0.00 | D | 288,940 | D | |
| Class B Common Stock, par value $.01 per share | Dec 21, 2017 | S | 10,421 | $181.3516 | D | 4,105 | I | By Grantor Retained Annuity Trust |
| Class B Common Stock, par value $.01 per shareF2 | Dec 21, 2017 | S | 42,325 | $181.33 | D | 246,615 | 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 | Dec 19, 2017 | M | 42,325 | D | Jun 1, 2017 | Jun 16, 2019 | Class B Common Stock | 42,325 | 0 | D |
Explanation of responses
- F1Shares donated to a charitable donor advised fund.
- F2Consists of 146,615 shares held directly; 40,000 restricted shares of Class B Common Stock that vest as follows: 20,000 on each of 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.