SEC Form 4 · accession 0001591956-18-000005
DarkHorse Technologies Inc. · DRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Kurt L. Kalbfleisch
Officer — SVP and CFO
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 7:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001591956
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 14, 2018 | M | 3,840 | — | A | 24,729 | D | |
| Common StockF2 | Feb 15, 2018 | S | 1,573 | $2.23 | D | 23,156 | D | |
| Common StockF3 | Feb 16, 2018 | S | 925 | $2.25 | D | 22,231 | 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 | — | Feb 14, 2018 | M | 3,840 | D | — | — | Common Stock | 3,840 | 155,359 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Sphere 3D Corp. common stock.
- F2This transaction represents the sale of shares by the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting of the RSUs.
- F3This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 29, 2017.
- F4The RSUs reported under column 9 represent two awards. The underlying shares and vesting schedules are as follows: (i)10,665 which vest in five equal monthly installments beginning 3-10-18; and (ii) 144,800 shares which vest in six bi-annual installments beginning on 6-18-18.