SEC Form 4 · accession 0001437749-16-027861
Nuvectra Corp · NVTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Kelley Hickman
Officer — EVP, Sales & Marketing
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 7:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001648893
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 14, 2016 | J | 44 | $0.00 | A | 44 | D | |
| Common StockF2 | Mar 14, 2016 | J | 240 | $0.00 | A | 284 | D | |
| Common StockF3 | Mar 14, 2016 | J | 337 | $0.00 | A | 621 | D |
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)F4,F5 | $9.84 | Mar 14, 2016 | J | 3,924 | A | — | Jan 5, 2025 | Common Stock | 3,924 | 3,924 | D |
| Stock Option (right to buy)F4,F6 | $8.85 | Mar 14, 2016 | J | 818 | A | — | Jan 6, 2024 | Common Stock | 818 | 818 | D |
Explanation of responses
- F1Represents shares acquired as a result of adjustments required due to Nuvectra's spin-off from Greatbatch Inc. on March 14, 2016. These shares are held in the reporting owner's 401(K) account.
- F2Represents restricted stock units granted to the reporting person as a result of adjustments required due to Nuvectra's spin-off from Greatbatch Inc. on March 14, 2016. The restricted stock units vest on the schedule set forth in the original grant agreement.
- F3Represents performance-based restricted stock units granted to the reporting person as a result of of adjustments required due to Nuvectra's spin-off from Greatbatch Inc. on March 14, 2016. The restricted stock units will vest depending upon the achievement of the performance objectives as set forth in the original grant agreement.
- F4Represents Non-employee Director nonqualified stock options to purchase Nuvectra's common stock, which were granted as a result of adjustments required due to Nuvectra's spin-off from Greatbatch Inc. on March 14, 2016.
- F5This option will vest in three equal installments beginning on December 29, 2016, the first anniversary date of the existing option award.
- F6This option will vest in three equal installments beginning on December December 29, 2015, the first anniversary of the existing option award.