SEC Form 4 · accession 0001127602-15-026090
Covista Inc. · CVSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric P. Dirst
Officer — President, DeVry Online
Period of report
Aug 26, 2015
Accepted (ET)
Aug 28, 2015 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000730464
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 26, 2015 | A | 3,100 | $0.00 | A | 14,207 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (Right to Buy)F2 | $26.23 | Aug 26, 2015 | A | 4,040 | A | Aug 26, 2016 | Aug 26, 2025 | Common Stock | 4,040 | 4,040 | D |
| Non-qualified Stock Option (Right to Buy)F3 | $26.23 | Aug 26, 2015 | A | 11,635 | A | Aug 26, 2016 | Aug 26, 2025 | Common Stock | 11,635 | 11,635 | D |
Explanation of responses
- F1The common stock is a restricted stock unit which represents a right to receive one share of common stock for each restricted stock unit. Stock units vest in four equal installments beginning on the anniversary of the transaction date.
- F2This option vests at 25% per year and will be fully vested at the end of the 4th year. This option was issued in two parts - one as an incentive stock option (ISO), and the other as a non-qualified stock option (NQSO) due to the ISO limitations.
- F3This option vests at 25% per year. This option will be fully vested at the end of the 4th year.