SEC Form 4 · accession 0000891839-16-000243
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
Aug 9, 2016
Accepted (ET)
Aug 11, 2016 · 4:51 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $5.25 | Aug 9, 2016 | A | 50,000 | A | — | Aug 9, 2023 | Common Stock | 50,000 | 50,000 | D |
| Restricted Stock UnitsF1 | — | holding | — | — | — | 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 each represent a contingent right to receive one share of common stock.
- 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.
- F3This option was granted under the Company's 2010 Omnibus Incentive Compensation Plan in a transaction exempt under Rule 16b-3. Mr. Hauvn can exercise this option as follows: 10% on 8/9/17, 20% on 8/9/18, 30% on 8/9/19 and 40% on 8/9/20, subject to Mr. Hauvn's continuous employment with the Company.