SEC Form 4 · accession 0000921895-18-000799
DIGIRAD CORP · DRAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin B Shirley
Officer — President - DIS
Period of report
Feb 28, 2018
Accepted (ET)
Mar 1, 2018 · 7:43 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 28, 2018 | M | 2,766 | — | A | 16,712 | D | |
| Common StockF3 | Feb 28, 2018 | F | 821 | $2.05 | D | 15,891 | 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,F6,F2,F4 | — | Feb 28, 2018 | M | 2,766 | D | — | — | Common Stock | 2,766 | 8,298 | D |
| Restricted Stock UnitF1,F5 | — | Feb 28, 2018 | A | 14,000 | A | — | — | Common Stock | 14,000 | 14,000 | D |
| Restricted Stock UnitF1,F7 | — | Feb 28, 2018 | A | 14,000 | A | — | — | Common Stock | 14,000 | 14,000 | 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 28, 2017, Mr. Shirley was granted 22,128 Restricted Stock Units. As to this grant, 25% of the Restricted Stock Units vest on each of February 28, 2018, February 1, 2019, February 1, 2020 and February 1, 2021, 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.
- F5These Restricted Stock Units are scheduled to vest as to 25% of the units on each of February 28, 2019, February 28, 2020, February 28, 2021 and February 28, 2022, subject to the reporting person continuing to provide service through each such date.
- F6Does not include Restricted Stock Units that did not vest and were cancelled.
- F7These Restricted Stock Units are scheduled to vest as to 25% of the units on each of February 28, 2019, February 28, 2020, February 28, 2021 and February 28, 2022, with the vesting of 100% of each such tranche subject to the satisfaction of certain performance criteria to be determined and approved by the Compensation Committee with respect to each such period.