SEC Form 4 · accession 0000921895-16-004902
DIGIRAD CORP · DRAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Virgil Lott
Officer — President, Diagnostic Imaging
Period of report
Jun 8, 2016
Accepted (ET)
Jun 10, 2016 · 4:17 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 | Jun 8, 2016 | M | 23,333 | $1.21 | A | 78,242 | D | |
| Common Stock | Jun 8, 2016 | S | 23,333 | $5.25 | D | 54,909 | 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)F1 | $1.21 | Jun 8, 2016 | M | 23,333 | D | — | Jul 9, 2016 | Common Stock | 23,333 | 0 | D |
Explanation of responses
- F1The options vested, with a vesting commencement date of July 9, 2009, over a two-year period with fifty percent (50%) of the shares subject to the option becoming exercisable on the one year anniversary of the vesting commencement date and one twenty-fourth (1/24th) of the shares subject to the option becoming exercisable each month thereafter on the same day of the month, or to the extent such a month does not have the corresponding day, on the last day of any such month, until all the shares vested and became exercisable, subject to optionee continuing to be an employee on each such date.