SEC Form 4 · accession 0001181431-15-004006
STAAR SURGICAL CO · STAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robin Hughes
Officer — Vice President, R&D
Period of report
Mar 20, 2014
Accepted (ET)
Mar 4, 2015 · 6:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000718937
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 20, 2014 | S | 20,000 | $17.1636 | D | 15,328 | D | |
| Common StockF2,F3 | Mar 3, 2015 | S | 3,253 | $7.5763 | D | 19,575 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.00 to $17.34, inclusive.
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.84 to $7.19, inclusive.
- F3Includes 7,500 Performance Accelerated Restricted Shares of Common Stock (PARS), subject to forfeiture rights, which lapse on March 4, 2016. Also includes 7,000 Restricted Shares of Common Stock (RSU), subject to forfeiture rights, which lapse as to half of the shares (3500 shares) on March 7, 2016 and half of the shares (3500 shares) on March 7, 2017.
Remarks
This Form 4 reflects (a) the sale by Mr. Hughes of Common Stock of the Company for which a Rule 144 notice was filed on the date of the trade in March 2014, but the Company did not receive communication from the broker regarding the sale, and (ii) the sale by Mr. Hughes of currently held Common Stock of the Company pursuant to 'sell to cover' instructions contained in a pre-established Rule 10b5-1 plan for purposes of payment of taxes related to the vesting of restricted shares.