SEC Form 4 · accession 0001140361-18-032745
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian J Sereda
Officer — Senior Vice President & CFO
Period of report
Jul 13, 2018
Accepted (ET)
Jul 17, 2018 · 7:57 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 Stock | Jul 13, 2018 | M | 30,000 | $0.00 | A | 130,202 | D | |
| Common StockF3,F4 | Jul 16, 2018 | S | 10,540 | $15.5449 | D | 119,662 | D | |
| Common Stock | holding | — | — | — | 12,015 | I | Sereda Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | Jul 13, 2018 | M | 30,000 | D | — | — | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSU") granted to the reporting person on July 13, 2015.
- F2This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSU. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- F4Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $15.54 to $15.61 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.
- F5Each RSU represents a contingent right to receive one share of common stock.
- F6The RSUs vest in four equal annual installments on July 13, 2016, 2017, 2018, and 2019.