SEC Form 4 · accession 0001354488-17-000476
DATA I/O CORP · DAIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel S Hatlen
Officer — Vice President
Period of report
May 8, 2017
Accepted (ET)
May 9, 2017 · 5:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000351998
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 8, 2017 | M | 25,000 | $6.02 | A | 268,767 | D | |
| Common StockF1,F2 | May 8, 2017 | F | 24,674 | $6.175 | D | 244,093 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF3 | $6.02 | May 8, 2017 | M | 25,000 | D | May 8, 2017 | May 17, 2017 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Withholding of 24,674 from 25,000 Option exercise to cover option exercise price at 6.02/share and withholding taxes, for a net issuance of 327 shares on a cashless option exercise on 5/8/2017.
- F2Data I/O's 2000 stock compensation incentive plan defines fair market value as the average of the high and low share price during the day.
- F3Option price $6.02 per share on option granted May 17, 2011 with a 6 year expiration.
Remarks
Cashless expiring Option exercise and withholding to cover exercise price and withholding taxes for Joel Hatlen for 25,000 options at 6.02 on 5-8-17.