SEC Form 4 · accession 0001593968-18-001293
MICROVISION, INC. · MVIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Patrick Holt
Officer — Chief Financial Officer
Period of report
Sep 30, 2018
Accepted (ET)
Oct 2, 2018 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000065770
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 30, 2018 | A | 200,000 | — | A | 209,346 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Two thirds of the above shares are Performance Stock Units that have performance vesting criteria that would require the Company stock price to appreciate by more than 100% of the stock price on the grant date before they become earned. Earned PSUs are eligible to vest as to one-third (1/3) of the PSUs subject to the Award on the each of the first three (3) anniversaries of June 5, 2018, subject to the employment of the recipient on the above vesting dates. PSUs that become earned prior to a vesting date that would have vested on any earlier vesting date would become immediately vested. One third of the above shares are Restricted Stock Units. The reporting person vests ownership in (1/3) of the RSUs subject to the Award on the each of the first three (3) anniversaries of June 5, 2018 subject to the employment of the recipient on the above vesting dates.