SEC Form 4 · accession 0001140361-16-087007
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
Sep 30, 2016
Accepted (ET)
Nov 16, 2016 · 7:25 pm EST
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 | Sep 30, 2016 | M | 4,442 | $0.00 | A | 119,295 | D | |
| Common StockF2,F3 | Nov 14, 2016 | S | 4,396 | $14.015 | D | 114,899 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF4,F5 | — | Sep 30, 2016 | M | 4,442 | A | — | — | Common Stock | 4,442 | 56,367 | D |
Explanation of responses
- F1Represents shares of common stock received upon vesting of a performance share unit award granted on May 21, 2015 pursuant to the Company's 2015 Performance Share Unit Plan and partially earned on September 30, 2016 based on the satisfaction of certain performance-based vesting requirements. 50% of any shares earned shall be deferred and paid after December 31, 2018, subject to the reporting person's continued service with the Issuer.
- F2Represents shares sold to cover taxes due upon vesting and settlement of performance share units.
- F3Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $14.01 to $14.0301 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F4Each performance share unit represents a contingent right to receive one share of common stock.
- F5Represents a performance share unit award granted on May 21, 2015 pursuant to the Company's 2015 Performance Share Unit Plan and partially earned on September 30, 2016 based on the satisfaction of certain performance-based vesting requirements. 50% of any shares earned shall be deferred and paid after December 31, 2018, subject to the reporting person's continued service with the Issuer.