SEC Form 4 · accession 0001127602-17-026431
Covista Inc. · CVSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan Groenwald
Officer — President, Chamberlain
Period of report
Aug 22, 2017
Accepted (ET)
Aug 24, 2017 · 8:32 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 | Aug 22, 2017 | A | 8,545 | $33.95 | A | 33,433 | D | |
| Common StockF1,F2 | Aug 22, 2017 | F | 2,658 | $33.95 | D | 30,775 | D | |
| Common StockF2,F3 | Aug 22, 2017 | A | 1,518 | $33.95 | A | 32,293 | D | |
| Common StockF2,F3 | Aug 22, 2017 | F | 474 | $33.95 | D | 31,819 | D | |
| Common StockF4 | Aug 23, 2017 | A | 4,650 | $0.00 | A | 36,469 | 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)F5 | $33.90 | Aug 23, 2017 | A | 2,949 | A | Aug 23, 2018 | Aug 23, 2027 | Common Stock | 2,949 | 2,949 | D |
| Non-qualified Stock Option (Right to Buy)F5 | $33.90 | Aug 23, 2017 | A | 12,726 | A | Aug 23, 2018 | Aug 23, 2027 | Common Stock | 12,726 | 12,726 | D |
Explanation of responses
- F1Common stock acquired upon lapsing of restrictions of performance-based restricted stock units, known as "Performance Shares" at Adtalem Global Education Inc., granted May 8, 2014.
- 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.
- F3Common stock acquired upon lapsing of restrictions of performance-based restricted stock units, known as "Performance Shares" at Adtalem Global Education Inc., granted August 20, 2014.
- F4The 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.
- F5This 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.