SEC Form 4 · accession 0001140361-16-084801
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen R Rizzone
Officer — CEO and President · Director
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 7:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001575793
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Nov 1, 2016 | A | 150,000 | A | — | — | Common Stock | 150,000 | 150,000 | D |
| Performance Stock UnitF1,F3 | — | Nov 1, 2016 | A | 150,000 | A | — | — | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock.
- F225% of the restricted stock units will vest annually on August 18, 2017, 2018, 2019, and 2020. Delivery of the vested shares will be deferred until the earliest to occur of (a) a separation of service; (b) a change in control; or (c) November 1, 2024.
- F3Performance stock units shall be earned and vested upon satisfaction of certain stock performance milestones as determined by the Board. Delivery of the vested shares will be deferred until the earliest to occur of (a) a separation of service; (b) a change in control; or (c) November 1, 2024.