SEC Form 4 · accession 0001140361-16-083554
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Aaron Leabman
Officer — Chief Technology Officer · Director
Period of report
Oct 22, 2016
Accepted (ET)
Oct 25, 2016 · 8:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001575793
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 22, 2016 | M | 6,250 | $0.00 | A | 14,853 | D | |
| Common StockF2 | Oct 24, 2016 | A | 100,000 | $0.00 | A | 114,853 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F3,F4 | — | Oct 22, 2016 | M | 6,250 | D | — | — | Common Stock | 6,250 | 0 | D |
Explanation of responses
- F1Represents shares of common stock received upon vesting of the restricted stock unit award reported in Table II.
- F2Each restricted stock unit ("RSU") represents a right to receive one share of the Issuer's common stock. Shares vest over a period of four years in four equal annual installments on August 18 of 2017, 2018, 2019, and 2020, subject to continued service through each vesting date.
- F3Each restricted stock unit represents a contingent right to receive one share of common stock.
- F4One-half of these restricted stock units vest on February 16, 2016 and the remaining one-half vest on October 22, 2016.