SEC Form 4 · accession 0001144204-16-105263
Lifeward Ltd. · LFWD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Vincent Hamilton
Officer — VP, Regulatory & Clinical
Period of report
Jan 13, 2016
Accepted (ET)
May 26, 2016 · 6:32 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 | Jan 13, 2016 | S | 264 | $9.30 | D | 2,451 | I | ESOP |
| Ordinary Shares, par value NIS 0.01 per shareF2 | Apr 13, 2016 | S | 65 | $12.02 | D | 2,386 | I | ESOP |
| Ordinary Shares, par value NIS 0.01 per shareF3 | May 18, 2016 | A | 3,350 | $0.00 | A | 5,736 | 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)F4 | $9.40 | May 18, 2016 | A | 17,950 | A | — | May 18, 2026 | Ordinary shares, par value NIS 0.01 per share | 17,950 | 17,950 | D |
Explanation of responses
- F1Represents Ordinary Shares sold in the open market on Wednesday, January 13, 2016, in order to satisfy the reporting person's tax withholding obligation in connection with the vesting, on Saturday, January 9, 2016, of certain restricted stock units ("RSUs") previously granted to the reporting person under the ReWalk 2014 Equity Incentive Plan (the "2014 Plan"). One-fourth of these RSUs vested on January 9, 2016, the first anniversary of the date of grant, with the remaining RSUs vesting in twelve equal quarterly installments thereafter.
- F2Represents Ordinary Shares sold in the open market on Wednesday, April 13, 2016, in order to satisfy the reporting person's tax withholding obligation in connection with the vesting, on Saturday, April 9, 2016, of certain RSUs previously granted to the reporting person under the 2014 Plan. One-fourth of these RSUs vested on January 9, 2016, the first anniversary of the date of grant, with the remaining RSUs vesting in twelve equal quarterly installments thereafter.
- F3Represents 3,350 Ordinary Shares issuable upon the vesting of RSUs granted under the 2014 Plan on May 18, 2016. The RSUs vest in four equal annual installments starting on the first anniversary of the date of grant, and may only be settled in Ordinary Shares.
- F4Represents stock options granted under the 2014 Plan on May 18, 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.