SEC Form 4 · accession 0001209191-16-137306
Energous Corp · WATT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian J Sereda
Officer — Vice President and CFO
Period of report
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 5:54 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 | 1,920 | $0.00 | A | 3,099 | D | |
| Common StockF2 | Aug 12, 2016 | F | 722 | $12.88 | D | 2,377 | D | |
| Common StockF3 | Aug 12, 2016 | M | 30,000 | $0.00 | A | 32,377 | D | |
| Common StockF4 | Aug 12, 2016 | F | 11,274 | $12.88 | D | 21,103 | 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 | 30,000 | D | — | — | Common Stock | 30,000 | 90,000 | D |
Explanation of responses
- F1Represents shares of common stock received upon vesting of a performance share unit award granted on December 17, 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 13, 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 13, 2016 and the settlement of shares of common stock with respect thereto on August 12, 2016.
- F5Each restricted stock unit represents a contingent right to receive one share of common stock.
- F6These restricted stock units vest over a period of four years in four equal annual installments on July 13 of each of 2016, 2017, 2018 and 2019.