SEC Form 4 · accession 0001144204-16-123784
STG Group, Inc. · STGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip E Lacombe
Officer — President and COO
Period of report
Sep 12, 2016
Accepted (ET)
Sep 13, 2016 · 7:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001583513
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options(right to buy)F1 | $3.00 | Sep 12, 2016 | A | 250,000 | A | Sep 12, 2016 | Sep 12, 2026 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1The options will vest as follows: (i) 25% of the options are vested on the date of the award, and (ii) 25% of the options will vest on each of March 12, 2017, September 12, 2017, and March 12, 2018, subject (1) on each vesting date to Mr. Lacombe's continued service at the Company at such times and (2) to accelerated vesting upon certain events set forth in the Stock Option Agreement.