SEC Form 4 · accession 0001140361-17-001083
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Gaulding
Director
Period of report
Dec 30, 2016
Accepted (ET)
Jan 6, 2017 · 7:49 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 | Dec 30, 2016 | M | 193 | $0.00 | A | 21,202 | D | |
| Common StockF2 | Jan 4, 2017 | M | 25,000 | $0.00 | A | 46,202 | D | |
| Common StockF2 | Jan 4, 2017 | M | 14,953 | $0.00 | A | 61,155 | D | |
| Common StockF4,F5 | Jan 6, 2017 | S | 14,651 | $16.932 | D | 46,504 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF1,F6 | — | Dec 30, 2016 | M | 193 | D | — | — | Common Stock | 193 | 27,990 | D |
| Restricted Stock UnitF2,F7 | — | Jan 4, 2017 | M | 25,000 | D | — | — | Common Stock | 25,000 | 0 | D |
| Restricted Stock UnitF2,F7 | — | Jan 4, 2017 | M | 14,953 | D | — | — | Common Stock | 14,953 | 0 | D |
Explanation of responses
- F1Each performance share unit ("PSU") represents a contingent right to receive one share of common stock.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
- F3The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F4Represents the shares sold to cover taxes due upon vesting and settlement of the RSUs.
- F5The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.90 to $16.98 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6Represents a performance share unit award granted on May 21, 2015 pursuant to the Company's 2015 Performance Share Unit Plan and partially earned on December 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.
- F7Represents shares of common stock upon vesting of a RSU granted on January 4, 2016 pursuant to the Company's director compensation policy. This RSU became 100% vested on January 4, 2017.