SEC Form 4 · accession 0000891839-16-000206
IEC ELECTRONICS CORP · IEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jens Hauvn
Officer — SVP, Operations
Period of report
May 18, 2016
Accepted (ET)
May 19, 2016 · 6:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000049728
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 10,853 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | May 18, 2016 | A | 5,334 | A | Apr 18, 2019 | Apr 18, 2019 | Common Stock | 5,334 | 5,334 | D |
| Employee Stock Option (Right to Buy)F2 | $4.25 | holding | — | — | — | — | Sep 7, 2022 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1These restricted stock units, which each represent a contingent right to receive one share of common stock, were granted in a transaction exempt under Rule 16b-3.
- F2This option was previously reported by Mr. Hauvn and vests 10% on 9/8/16, 20% on 9/8/17, 30% on 9/8/18 and 40% on 9/8/19, subject to Mr. Hauvn's continuous employment with the Company.