SEC Form 4 · accession 0001209191-18-046516
ConvergeOne Holdings, Inc. · CVON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Karl Maier
Officer — President, Services Org.
Period of report
Aug 10, 2018
Accepted (ET)
Aug 13, 2018 · 8:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001697152
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option ( Right to Buy)F1,F2 | $9.24 | Aug 10, 2018 | A | 135,000 | A | — | Aug 9, 2028 | Common Stock | 135,000 | 135,000 | D |
| Stock Option ( Right to Buy)F3,F2 | $12.24 | Aug 10, 2018 | A | 67,500 | A | — | Aug 9, 2028 | Common Stock | 67,500 | 67,500 | D |
| Stock Option ( Right to Buy)F4,F2 | $15.24 | Aug 10, 2018 | A | 67,500 | A | — | Aug 9, 2028 | Common Stock | 67,500 | 67,500 | D |
Explanation of responses
- F1The option has an exercise price of $9.24 per share, equal to the closing price per share of the Issuer's Common Stock as quoted on The Nasdaq Global Market on the date of the grant (the "Fair Market Value").
- F2The shares subject to the option vest and become exercisable as follows: 1/5th of the shares will vest on the first annual anniversary of the grant date and thereafter, 1/60th of the shares will vest monthly over the next four years, in each case subject to the Reporting Person's continued service to the Issuer.
- F3The option has an exercise price of $12.24 per share, equal to the Fair Market Value plus $3.00.
- F4The option has an exercise price of $15.24 per share, equal to the Fair Market Value plus $6.00.