SEC Form 4 · accession 0001127602-16-061322
Covista Inc. · CVSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donna M Loraine
Officer — President, Carrington Colleges
Period of report
Aug 25, 2016
Accepted (ET)
Aug 29, 2016 · 2:07 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 25, 2016 | A | 2,400 | $0.00 | A | 10,284 | D | |
| Common StockF2 | Aug 26, 2016 | F | 259 | $23.48 | D | 10,025 | 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)F3 | $23.78 | Aug 25, 2016 | A | 8,100 | A | Aug 25, 2017 | Aug 25, 2026 | Common Stock | 8,100 | 8,100 | 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.
- F2Includes restricted stock units which represent a right to receive one share of common stock for each restricted stock unit. Each restricted stock units vest 25% on the anniversary of the original grant date and is fully-vested on the four year anniversary of the grant date.
- F3This option vests at 25% per year. This option will be fully vested at the end of the 4th year.