SEC Form 4 · accession 0000730255-17-000023
CalAmp Corp. · CAMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Garo Sarkis Sarkissian
Officer — SVP Business Development
Period of report
Jul 28, 2017
Accepted (ET)
Aug 1, 2017 · 7:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000730255
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 28, 2017 | F | 1,061 | $19.32 | D | 192,186 | D | |
| Common StockF2 | Jul 28, 2017 | A | 10,360 | $0.00 | A | 202,546 | D | |
| Common StockF3 | Jul 29, 2017 | M | 674 | — | A | 203,220 | D | |
| Common Stock | Jul 29, 2017 | F | 253 | $19.32 | D | 202,967 | D | |
| Common Stock | Jul 29, 2017 | F | 845 | $19.32 | D | 202,122 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF6 | $19.32 | Jul 28, 2017 | A | 11,160 | A | Jul 28, 2018 | Jul 28, 2027 | Common Stock | 11,160 | 11,160 | D |
| Stock OptionsF7 | $19.32 | Jul 28, 2017 | A | 8,400 | A | — | Jul 28, 2027 | Common Stock | 8,400 | 8,400 | D |
| Performance Stock UnitsF3,F8 | — | Jul 29, 2017 | M | 674 | D | — | — | Common Stock | 674 | 434 | D |
Explanation of responses
- F1On 7/28/17, in connection with the vesting of 2,825 shares of restricted stock held by the reporting person, CalAmp withheld 1,061 shares to pay minimum statutory withholding taxes of $20,498.52.
- F2Securities acquired are 10,360 shares of restricted stock that vest 25% annually beginning 7/28/18.
- F3Performance stock units convert into common stock on a one-for-one basis.
- F4On 7/29/17, in connection with the vesting of 674 shares of performance stock units held by the reporting person, CalAmp withheld 253 shares to pay minimum statutory withholding taxes of $4,887.96.
- F5On 7/29/17, in connection with the vesting of 2,250 shares of restricted stock held by the reporting person, CalAmp withheld 845 shares to pay minimum statutory withholding taxes of $16,325.40.
- F6These stock options become exercisable at the rate of 25% annually beginning 7/28/18.
- F7These stock options vest at the rate of 25% annually beginning 7/28/18 and become exercisable after the stock price has traded at or above 130% of the exercise price for 30 consecutive trading days.
- F8Performance stock units vested on July 29, 2017.