SEC Form 4 · accession 0001140361-16-083563
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cesar Johnston
Officer — Senior VP, Engineering
Period of report
Oct 22, 2016
Accepted (ET)
Oct 25, 2016 · 9:28 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 | 68,963 | D | |
| Common StockF2 | Oct 24, 2016 | A | 85,000 | $0.00 | A | 153,963 | 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 represents a right to receive one share of the Issuer's common stock. Shares vest in four equal installments on August 18 of 2016, 2017, 2018, and 2020, subject to continued service through each vesting date.
- F3Restricted stock units convert into common stock on a one-for-one basis.
- F4One-half of these restricted stock units vest on February 16, 2016 and the remaining one-half vest on October 22, 2016.