SEC Form 4 · accession 0001603582-18-000002
Resonant Inc · RESN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George B Holmes
Officer — Chief Executive Officer · Director
Period of report
Mar 14, 2018
Accepted (ET)
Mar 16, 2018 · 12:55 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 | Mar 14, 2018 | M | 27,000 | — | A | 230,247 | D | |
| Common StockF1 | Mar 14, 2018 | M | 7,917 | — | A | 238,164 | D | |
| Common StockF1 | Mar 14, 2018 | M | 7,488 | — | A | 245,652 | D | |
| Common StockF3 | Mar 15, 2018 | S | 12,540 | $4.4487 | D | 233,112 | 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 | — | Mar 14, 2018 | M | 27,000 | D | — | — | Common Stock | 27,000 | 72,000 | D |
| Restricted Stock UnitsF1,F5 | — | Mar 14, 2018 | M | 7,917 | D | — | — | Common Stock | 7,917 | 21,113 | D |
| Restricted Stock UnitsF1,F6 | — | Mar 14, 2018 | M | 7,488 | D | — | — | Common Stock | 7,488 | 19,968 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Resonant 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 delivery of vested restricted stock units.
- F3This transaction was executed in multiple trades at prices ranging from $4.35 to $4.49. 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.
- F427,000 shares vested on each of July 1, 2016, October 1, 2016 and January 1, 2017, and 9,000 shares will vest on the first business day of each subsequent calendar quarter, commencing April 1, 2017, until fully vested. The Reporting Person elected to defer until March 14, 2018 receipt of the 27,000 shares vesting prior to that date.
- F57,917 shares vested on each of July 1, 2016, October 1, 2016 and January 1, 2017, and 2,639 shares will vest on the first business day of each subsequent calendar quarter, commencing April 1, 2017, until fully vested. The Reporting Person elected to defer until March 14, 2018 receipt of the 7,917 shares vesting prior to that date.
- F622,465 shares vested on October 4, 2016, 7,489 shares vested on January 1, 2017, and 2,496 shares will vest on the first business day of each subsequent calendar quarter, commencing April 1, 2017, until fully vested. The Reporting Person elected to defer until March 14, 2018 receipt of the 7,488 shares vesting prior to that date.