SEC Form 4 · accession 0001088342-18-000058
COMPUTER TASK GROUP INC · CTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Valerie Rahmani
Director
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 2:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000023111
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 1, 2018 | A | 21,361 | $0.00 | A | 57,614 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units ("RSUs") in lieu cash for serving on the Company's board of directors during 2018. The Board of Directors voted that beginning in 2018 they would receive all of their fees (annual retainer and fees for serving as a chair of a committee and Chairman of the Board of Directors) in the form of RSUs. Each RSU represents the right to receive a share of the Company's comon stock on a one-for-one basis. The RSUs may not be settled, and no shares subject to the RSUs may be sold until the earlier of (i) the termination of a Director's continuous service on account of retirement or (ii) a change in control of the Company. The RSUs will be allocated to the Director's account on May 1, July 1 and October 1 2018 in three equal increments.