SEC Form 4 · accession 0001127602-16-061579
Covista Inc. · CVSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald L Taylor
Other
Period of report
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 1:13 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,F2,F3 | Aug 29, 2016 | M | 900 | $21.62 | A | 740,199 | D | |
| Common StockF1,F2,F3 | Aug 29, 2016 | S | 900 | $23.50 | D | 739,299 | D | |
| Common StockF1,F2,F3 | Aug 30, 2016 | M | 4,100 | $21.62 | A | 743,399 | D | |
| Common StockF1,F2,F3 | Aug 30, 2016 | S | 4,100 | $23.5265 | D | 739,299 | D | |
| Common Stock | holding | — | — | — | 1,000 | I | By Daughter | |
| Common Stock | holding | — | — | — | 1,000 | I | By Daughter 1 | |
| Common Stock | holding | — | — | — | 800 | I | By Daughter D | |
| Common Stock | holding | — | — | — | 1,000 | I | By Daughter M |
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)F4 | $21.62 | Aug 29, 2016 | M | 900 | D | Oct 3, 2007 | Oct 3, 2016 | Common Stock | 900 | 7,450 | D |
| Incentive Stock Option (Right to Buy)F4 | $21.62 | Aug 30, 2016 | M | 4,100 | D | Oct 3, 2007 | Oct 3, 2016 | Common Stock | 4,100 | 3,350 | 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 three equal installments beginning on the anniversary of the transaction date.
- F2The common stock is a restricted stock unit which represents a right to receive one share of common stock for each restricted stock unit. The stock units vest on the fourth anniversary of the transaction date.
- F3The common stock is a restricted stock unit which represents a right to receive one share of common stock for each restricted stock unit. The restricted stock units vest in four equal installments beginning on the anniversary of the transaction date. The restricted stock units and the stock appreciation rights reported in this Form 4 were granted to the reporting person to replace the value of stock option grants the reporting person was told he was receiving in 2008, 2010, 2011, and 2012 but were not fulfilled to the extent they exceeded the limit on the number of stock options that may be granted to any individual participant in a one-year period under the DeVry Inc. Amended and Restated 2005 Incentive Plan.
- F4This option vests at 20% per year. This option will be fully vested at the end of the 5th year. This option was issued in two parts- one as an ISO and the other as a non-qualified option due to the ISO limitations.