SEC Form 4 · accession 0001437749-15-004574

ChyronHego Corp · CHYR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CTO

Period of report

Mar 9, 2015

Accepted (ET)

Mar 10, 2015 · 9:32 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000020232

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	D/I	Nature of ownership
Common Stock^F1,F2	Mar 9, 2015	J	1,210,855	—	D	I	By Maxflyt
Common Stock^F1	Mar 9, 2015	S	1,201,348	$2.82	D	I	By Maxflyt
Common Stock	Mar 9, 2015	S	9,508	$2.82	D	D
Common Stock	Mar 9, 2015	S	1,100	$2.82	D	I	By 401(k) Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Option^F5,F3,F4	$1.62	Mar 9, 2015	S	200,000	D	Nov 12, 2014	Mar 9, 2015	Common Stock	200,000	D
Stock Option^F5,F3,F4	$2.72	Mar 9, 2015	S	85,000	D	Jan 15, 2015	Mar 9, 2015	Common Stock	85,000	D
Stock Option^F5,F3,F4	$2.17	Mar 9, 2015	S	21,250	D	May 20, 2015	Mar 9, 2015	Common Stock	21,250	D

F1Shares held by Maxflyt AB, an entity solely owned and controlled by Mr. Kjellin.
F2Shares valued at $2.82 per share, were contributed to an affiliate of Vector Capital (Purchaser), pursuant to a merger agreement, in exchange for equity in Purchaser.
F3Vested over three years from grant date, which is one year prior to the exercisable date.
F4Under the Merger Agreement, vesting is accelerated for all unvested shares as of the closing date.
F5The price equals $2.82 (the merger consideration) less the exercise price.