SEC Form 4 · accession 0001144204-16-141747
SenesTech, Inc. · SNES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Loretta Powers Mayer
Officer — CEO & Chief Scientific Officer · Director
Period of report
Dec 27, 2016
Accepted (ET)
Dec 29, 2016 · 4:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001680378
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 27, 2016 | M | 5,556 | — | A | 381,032 | D | |
| Common StockF1 | Dec 27, 2016 | F | 1,755 | $8.19 | D | 379,277 | D | |
| Common Stock | holding | — | — | — | 100,000 | I | 2016 Dyer Mayer Family Delaware Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | Dec 27, 2016 | M | 5,556 | D | — | — | Common Stock | 5,556 | 0 | D |
Explanation of responses
- F1These shares of Common Stock were acquired upon settlement of restricted stock units ("RSUs") granted to the reporting person on December 19, 2016. The RSUs were fully vested and on December 27, 2016 settled for 3,801 shares of Common Stock, the amount of which was calculated by (a) $45,000 divided by the closing market price of the Common Stock on the date of grant, which was $8.10, for a maximum of 5,556 shares of Common Stock, less (b) 1,755, which is the number of shares of Common Stock necessary for tax payments to be made on the reporting person's behalf per the terms of the agreement governing the RSUs.
- F2This transaction represents the settlement of RSUs as described in Footnote 1. The RSUs were fully-vested on the date of grant.