SEC Form 4 · accession 0001354488-17-000480
DATA I/O CORP · DAIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Wells Brown
Director
Period of report
May 8, 2017
Accepted (ET)
May 9, 2017 · 6:02 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 | 12,500 | $6.02 | A | 48,600 | D | |
| Common StockF2 | May 8, 2017 | F | 12,186 | $6.175 | D | 36,414 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF1 | $6.02 | May 8, 2017 | M | 12,500 | A | May 8, 2017 | May 8, 2017 | common stock | 12,500 | 0 | D |
Explanation of responses
- F1Earlier during the first quarter of 2017, 15,000 options expired without being exercised. Now, with this exercise, no further derivatives remain.
- F2Shares withheld to pay exercise price on cashless option exercise.
Remarks
D. Brown exercise of 12,500 options priced at $6.02 in a cashless option exercise with shares withheld to cover exercise price in a net issuance on 5-8-17 to a director.