SEC Form 4 · accession 0001437749-18-006613
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 7, 2018
Accepted (ET)
Apr 10, 2018 · 5:02 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 | Apr 7, 2018 | M | 499 | $13.05 | A | 4,268 | D |
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 7, 2018 | M | 499 | D | Apr 7, 2018 | Apr 7, 2019 | Common Stock | 499 | 27,665 | D |
| Restricted Stock UnitF2 | $0.00 | Apr 9, 2018 | A | 6,667 | A | May 12, 2019 | May 12, 2021 | Common Stock | 6,667 | 34,332 | D |
| Stock Option (right to buy)F3 | $13.47 | Apr 9, 2018 | A | 13,333 | A | May 12, 2019 | Apr 9, 2028 | Common Stock | 13,333 | 65,136 | D |
Explanation of responses
- F1Vesting of Restricted Stock Units.
- F2Grant 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, 2019. The remaining two thirds balance is scheduled to vest in eight approximately equal quarterly installments thereafter.
- F3Grant of non-qualified stock options. Approximately one third is scheduled to vest May 12, 2019. The remaining two thirds balance is scheduled to vest in eight approximately equal quarterly installments thereafter.