SEC Form 4 · accession 0001354488-16-008261
ITERIS, INC. · ITI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kyle Cerminara
Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 8:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000350868
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.10 par value per shareF1,F2 | Sep 1, 2016 | A | 2,605 | $0.00 | A | 2,605 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1RSUs granted pursuant to the Iteris, Inc. 2007 Omnibus Incentive Plan as director compensation. Each unit represents the right to receive one share of the company?s common stock. The RSUs vest in full on October 26, 2016, subject to continued service.
- F2Due to his positions with RELM Wireless Corporation ("RWC"), Fundamental Global Investors, LLC and affiliated entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock directly held by RWC, Fundamental Global Partners, LP ("FGPP"), and Fundamental Global Partners Master Fund, LP ("FGPM"). RWC, FGPP and FGPM beneficially own in the aggregate 2,400,194 shares of Common Stock, which represents approximately 7.5% of the Company?s outstanding shares of Common Stock. Mr. Cerminara disclaims beneficial ownership of the shares referred to herein except to the extent of his pecuniary interest therein.