SEC Form 4 · accession 0000899243-18-031594
Altair Engineering Inc. · ALTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard N Morof
Officer — Chief Financial Officer
Period of report
Dec 21, 2018
Accepted (ET)
Dec 21, 2018 · 4:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001701732
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Dec 21, 2018 | M | 865 | $3.79 | A | 2,935 | D | |
| Class A Common StockF1 | Dec 21, 2018 | M | 756 | $3.84 | A | 3,691 | D | |
| Class A Common StockF1 | Dec 21, 2018 | G | 1,621 | $0.00 | D | 2,070 | D | |
| Class A Common StockF2 | Dec 21, 2018 | G | 1,621 | $0.00 | A | 363,390 | I | By Howard N. Morof Revocable Trust dated August 7, 1992 |
| Class A Common StockF2 | holding | — | — | — | 141,080 | I | By Howard N. Morof Irrevocable Grantor Trust dated September 11, 2017 |
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)F3 | $3.79 | Dec 21, 2018 | M | 865 | A | — | Dec 15, 2024 | Class A Common Stock | 865 | 0 | D |
| Stock Option (right to buy)F4 | $3.84 | Dec 21, 2018 | M | 756 | A | — | Dec 17, 2025 | Class A Common Stock | 756 | 756 | D |
Explanation of responses
- F1Includes 2,070 Class A Common Stock restricted stock units that are unvested; vests in 4 equal annual installments commencing January 29, 2019. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F2The reporting person serves as trustee. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3The options vest in 4 equal annual installments commencing December 15, 2015.
- F4The options vest in 4 equal annual installments commencing December 17, 2016.