SEC Form 4 · accession 0001488471-17-000003
Resonant Inc · RESN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A Killian
Officer — Chief Financial Officer
Period of report
Apr 3, 2017
Accepted (ET)
Apr 5, 2017 · 2:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001579910
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 3, 2017 | M | 12,500 | — | A | 19,028 | D | |
| Common StockF3 | Apr 4, 2017 | S | 4,300 | $5.02 | D | 14,728 | D | |
| Common StockF4 | Apr 5, 2017 | S | 350 | $4.98 | D | 14,378 | 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,F5 | — | Apr 3, 2017 | M | 12,500 | D | — | — | Common Stock | 12,500 | 175,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Resonant Inc. common stock. On April 3, 2017, 12,500 of the reporting person's restricted stock units were settled for an equal number of shares of common stock.
- F2This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person to satisfy the reporting person's tax withholding obligations upon the vesting of restricted stock units.
- F3This transaction was executed in multiple trades at prices ranging from $4.91 to $5.36. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $4.91 to $5.04. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F512,500 shares vest on the first business day of each calendar quarter until fully vested, with the first installment vesting on January 3, 2017.