SEC Form 4 · accession 0001140361-16-078952
ACETO CORP · ACET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Salvatore J Guccione Sr.
Officer — CHIEF EXECUTIVE OFFICER · Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 4:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000002034
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | Sep 1, 2016 | A | 27,500 | $20.03 | A | 173,079 | D | |
| COMMON STOCKF2 | Sep 1, 2016 | A | 43,236 | $20.03 | A | 216,315 | D | |
| COMMON STOCKF4,F5 | Sep 6, 2016 | S | 18,600 | $19.818 | D | 197,715 | D |
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 | $20.03 | Sep 1, 2016 | A | 27,500 | A | Sep 1, 2017 | Jun 30, 2021 | COMMON STOCK | 27,500 | 103,000 | D |
Explanation of responses
- F1Grant of restricted stock pursuant to long term incentive plan.
- F2Represents vesting of Performance Restricted Stock Units (based upon financial and total shareholder return performance of the Company) from grant of July 25, 2013.
- F3Strategic-based Stock Option vests 1/3 each year beginning 9/1/2017. Options are exercisable only upon attainment of share price target before June 30, 2021.
- F4Automatic sale under Rule 10b5-1 to cover the Reporting Person's tax obligation in connection with the vesting of an equity award(s) granted previously.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.74 to $20.0438, inclusive. The reporting person undertakes to provide to Aceto, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above..