SEC Form 4 · accession 0001209191-15-018281
LOJACK CORP · LOJN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randy L. Ortiz
Officer — President and CEO · Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 10:25 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000355777
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 23, 2015 | A | 28,500 | $0.00 | A | 264,692 | D | |
| Common StockF3 | Feb 23, 2015 | A | 38,000 | $0.00 | A | 302,692 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4 | $2.45 | Feb 23, 2015 | A | 53,438 | A | — | Feb 23, 2022 | Common Stock | 53,438 | 53,438 | D |
Explanation of responses
- F1These shares were awarded in a transaction exempted from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3 thereunder.
- F2These shares vest on the third anniversary of the date of grant, which was February 23, 2015.
- F3These shares vest on the day the Company issues its earnings release for the second full fiscal year ended after the date of grant if LoJack Corporation meets an EBITDA target.
- F4These employee stock options were awarded under a stock option plan in a transaction exempted from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3 thereunder. The Employee stock options vest in three equal annual installments commencing on the first anniversary of the date of grant, which was February 23, 2015.