SEC Form 4 · accession 0001437749-18-016403
Nuvectra Corp · NVTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Tranchina
Officer — Chief Technology Officer
Period of report
Aug 28, 2018
Accepted (ET)
Aug 30, 2018 · 4:49 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 | Aug 28, 2018 | A | 53,500 | A | Sep 5, 2019 | Sep 5, 2021 | Common Stock | 53,500 | 53,500 | D |
| Stock Option (right to buy)F2 | $22.25 | Aug 28, 2018 | A | 53,500 | A | Sep 5, 2019 | Aug 28, 2028 | Common Stock | 53,500 | 53,500 | 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 September 5, 2019. 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 September 5, 2019. The remaining two thirds balance is scheduled to vest in eight approximately equal quarterly installments thereafter.