SEC Form 4 · accession 0000921895-17-000174
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
Feb 1, 2017
Accepted (ET)
Feb 3, 2017 · 6:39 pm EST
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 StockF1,F2 | Feb 1, 2017 | M | 4,882 | — | A | 59,791 | D | |
| Common StockF3 | Feb 1, 2017 | F | 2,138 | $4.95 | D | 57,653 | D | |
| Common StockF1,F2 | Feb 1, 2017 | M | 2,604 | — | A | 60,257 | D | |
| Common StockF3 | Feb 1, 2017 | F | 1,140 | $4.95 | D | 59,117 | 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 UnitF1,F2,F4 | — | Feb 1, 2017 | M | 4,882 | D | — | — | Common Stock | 4,882 | 9,765 | D |
| Restricted Stock UnitF1,F2,F5 | — | Feb 1, 2017 | M | 2,604 | D | — | — | Common Stock | 2,604 | 7,813 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- F2This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
- F3Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of Restricted Stock Units. No shares were sold.
- F4On February 1, 2015 the reporting person was granted 19,529 Restricted Stock Units. As to this grant, 25% of the Restricted Stock Units fully vested on February 1, 2016, 25% fully vested on February 1, 2017 and the remaining Restricted Stock Units vest as to 25% of the units on each of February 1, 2018 and February 1, 2019, with vesting of 50% of each such Restricted Stock Unit tranche subject to the satisfaction of certain performance criteria to be determined and approved by the Compensation Committee with respect to each such period.
- F5On February 1, 2016 the reporting person was granted 10,417 Restricted Stock Units. As to this grant, 25% of the Restricted Stock Units fully vested on February 1, 2017 and the remaining Restricted Stock Units vest as to 25% of the units on each of February 1, 2018, February 1, 2019 and February 1, 2020, with vesting of 50% of each such Restricted Stock Unit tranche subject to the satisfaction of certain performance criteria to be determined and approved by the Compensation Committee with respect to each such period.