SEC Form 4 · accession 0001209191-17-053635
Amplify Snack Brands, INC · BETR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig F Shiesley
Officer — See Remarks
Period of report
Sep 19, 2017
Accepted (ET)
Sep 21, 2017 · 5:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001640313
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 Option (Right to Buy)F2 | $7.04 | Sep 19, 2017 | D | 1,166,173 | D | — | Sep 12, 2027 | Common Stock | 1,166,173 | 0 | D |
| Stock Option (Right to Buy)F2 | $7.06 | Sep 19, 2017 | A | 1,166,173 | A | — | Sep 12, 2027 | Common Stock | 1,166,173 | 1,166,173 | D |
Explanation of responses
- F1The Issuer purported to grant the Reporting Person an option to purchase 1,166,173 shares of its common stock on September 12, 2017. However, this grant was not effective and is null and void.
- F2The shares subject to the option will vest according to the following schedule: 1/3rd of the shares shall vest on September 12, 2018 and 1/36th of the shares shall vest on the last day of each month thereafter, provided that the Reporting Person continues to have a service relationship with the Issuer through each such date.
- F3On September 19, 2017, the Compensation Committee of the Issuer's Board of Directors granted the Reporting Person a stock option award subject to the terms of the Issuer's Form of Inducement Award Non-Qualified Stock Option Agreement, which award replaces in its entirety the option award that was purported to be granted to the Reporting Person on September 12, 2017.
Remarks
Chief Operating Officer and President, North America