SEC Form 4 · accession 0001144204-16-105251
Lifeward Ltd. · LFWD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence J Jasinski
Officer — Chief Executive Officer · Director
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 6:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001607962
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares, par value NIS 0.01 per shareF1 | May 24, 2016 | A | 20,000 | $0.00 | A | 47,110 | I | ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to buy)F2 | $8.70 | May 24, 2016 | A | 100,000 | A | — | May 24, 2026 | Ordinary shares, par value NIS 0.01 per share | 100,000 | 100,000 | D |
Explanation of responses
- F1Represents 20,000 Ordinary Shares issuable upon the vesting of restricted stock units ("RSUs") granted under the ReWalk Equity Incentive Plan (the "2014 Plan") on May 24, 2016. One-fourth of the RSUs vest on the first anniversary of the date of the grant, with the remaining RSUs vesting in twelve equal quarterly installments thereafter. The RSUs may only be settled in Ordinary Shares.
- F2Represents stock options granted under the 2014 Plan on May 24, 2016. One-fourth of the options become vested and exercisable on the first anniversary of the date of the grant, with the remaining options vesting in twelve equal quarterly installments thereafter.