SEC Form 4 · accession 0001209191-16-137302
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cesar Johnston
Officer — Senior VP of Engineering
Period of report
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 5:51 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 | Aug 12, 2016 | A | 3,839 | $0.00 | A | 48,551 | D | |
| Common StockF2 | Aug 12, 2016 | F | 1,443 | $12.88 | D | 47,108 | D | |
| Common StockF3 | Aug 12, 2016 | M | 25,000 | $0.00 | A | 72,108 | D | |
| Common StockF4 | Aug 12, 2016 | F | 9,395 | $12.88 | D | 62,713 | 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 UnitsF5,F6 | — | Aug 12, 2016 | M | 25,000 | D | — | — | Common Stock | 25,000 | 50,000 | 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 June 30, 2016 based on the satisfaction of certain performance-based vesting requirements. The performance share units vested on June 30, 2016 and the shares of common stock were delivered on August 12, 2016.
- F2Represents shares of common stock withheld to satisfy tax withholding requirements on the vesting of performance share units on June 30, 2016 and the delivery of shares of common stock with respect thereto on August 12, 2016.
- F3Represents shares of common stock received upon vesting of a restricted stock unit award that partially vested on July 14, 2016 and settled on August 12, 2016.
- F4Represents shares of common stock withheld to satisfy tax withholding requirements on the vesting of restricted stock units on July 14, 2016 and the settlement of shares of common stock with respect thereto on August 12, 2016.
- F5Each restricted stock unit represents the contingent right to receive one share of common stock.
- F6Represents a restricted stock unit award granted on August 14, 2014 that partially vested on July 14, 2016 and settled on August 12, 2016. The restricted stock units vest as follows: 25% vested on July 14, 2015, and the remaining units vest in three equal annual installments on each one-year anniversary thereafter.