SEC Form 4 · accession 0001437749-17-006527
Nuvectra Corp · NVTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norbert Kaula
Officer — EVP, Research & Development
Period of report
Apr 10, 2017
Accepted (ET)
Apr 12, 2017 · 4:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001648893
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | $0.00 | Apr 10, 2017 | A | 18,471 | A | May 12, 2018 | May 12, 2020 | Common Stock | 18,471 | 29,661 | D |
| Stock Option (right to buy)F2 | $6.48 | Apr 10, 2017 | A | 36,943 | A | May 12, 2018 | Apr 10, 2027 | Common Stock | 36,943 | 51,803 | D |
Explanation of responses
- F1Grant of restricted stock units. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. Approximately one third is scheduled to vest May 12, 2018. The remaining two thirds balance is scheduled to vest in eight approximately equal quarterly installments thereafter.
- F2Grant of non-qualified stock options. Approximately one third is scheduled to vest May 12, 2018. The remaining two thirds balance is scheduled to vest in eight approximately equal quarterly installments thereafter.