SEC Form 4 · accession 0000921895-16-004769
DIGIRAD CORP · DRAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew G. Molchan
Officer — President and CEO · Director
Period of report
May 27, 2016
Accepted (ET)
Jun 1, 2016 · 4:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000707388
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 27, 2016 | M | 11,666 | $1.21 | A | 38,166 | D | |
| Common StockF1 | May 27, 2016 | S | 5,833 | $5.0097 | D | 32,333 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $1.21 | May 27, 2016 | M | 11,666 | D | — | Jul 9, 2016 | Common Stock | 11,666 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.0125, inclusive. The reporting person undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price such shares were sold.
- F2Fifty percent (50%) of the shares subject to the option vested and became exercisable on the one year anniversary of the grant date of the option (July 9, 2009), and one twenty-fourth (1/24th) of the shares subject to the option vested and became exercisable monthly thereafter, such that all the shares subject to the option were vested and exercisable on the second anniversary of the grant date, subject to the reporting person's continuous service through each such date.