SEC Form 4 · accession 0001140361-18-023755
AMTECH SYSTEMS INC · ASYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert M Averick
Director · 10% Owner
Period of report
May 11, 2018
Accepted (ET)
May 15, 2018 · 1:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000720500
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (Right to Buy)F1,F3,F4,F2 | $7.40 | May 11, 2018 | A | 6,000 | A | — | May 11, 2028 | Common Stock | 6,000 | 6,000 | D |
Explanation of responses
- F1Mr. Averick is a Portfolio Manager at Kokino LLC ("Kokino"), which is a single-family office. Mr. Averick holds an indirect minority interest in shares of the issuer's $.01 par value common stock ("Common Stock") through his minority ownership of one of Kokino's clients, Piton Capital Partners LLC ("Piton") (which ownership may be held directly and indirectly through Piton's managing member, Piton Capital Management LLC ("PCM")). Also, Mr. Averick's incentive compensation as an employee of Kokino, which is calculated in Kokino's discretion, may be based on the performance of shares of Common Stock held by Kokino's clients. Such compensation may be paid in cash and/or by way of increasing Mr. Averick's minority interest in Piton (either directly or indirectly through PCM). Kokino is the managing member of PCM, and Mr. Averick's and Piton's beneficial ownership of Common Stock is reported in a Schedule 13D filed on January 25, 2016 (as amended on August 24, 2017 and December 18, 2017)
- F2The option vests on November 12, 2018.
- F3Price omitted because the transaction is a grant of a stock option.
- F4This is the number of derivative securities, with the same terms and conditions, following the reported transaction. Total of all derivative securities, including those with different terms and conditions, held following the reported transaction is 18,000.