SEC Form 4 · accession 0001140361-17-025425
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Gaulding
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jun 16, 2017 · 7:25 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,F2 | Jan 3, 2017 | A | 25,000 | $0.00 | A | 86,155 | D | |
| Common StockF1,F2 | Jan 3, 2017 | A | 4,263 | $0.00 | A | 90,418 | D | |
| Common StockF1,F2 | Feb 23, 2017 | A | 1,697 | $0.00 | A | 92,115 | D | |
| Common Stock | Jun 13, 2017 | M | 5,837 | $0.00 | A | 97,952 | D | |
| Common StockF6 | Jun 14, 2017 | S | 2,140 | $15.8463 | D | 95,812 | 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 UnitsF1,F4 | — | Jun 13, 2017 | M | 5,837 | D | — | — | Common Stock | 5,837 | 11,673 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
- F2100% of the RSUs will vest on January 2, 2018, subject to the reporting person's continued service to the Issuer. The RSU was granted January 4, 2016 pursuant to the Company's nonemployee director compensation policy.
- F3Vesting of RSUs granted to the reporting person on June 13, 2016.
- F4The RSU vests in three equal annual installments on June 13, 2017, 2018, and 2019.
- F5This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F6Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $15.79 to $15.9001 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.