SEC Form 4 · accession 0001127602-17-026445
Covista Inc. · CVSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa W Wardell
Officer — President and CEO · Director
Period of report
Aug 23, 2017
Accepted (ET)
Aug 24, 2017 · 9:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000730464
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F1 | $33.90 | Aug 23, 2017 | A | 333,026 | A | Aug 23, 2018 | Aug 23, 2027 | Common Stock | 333,026 | 333,026 | D |
| Incentive Stock Option (Right to Buy)F1 | $33.90 | Aug 23, 2017 | A | 2,949 | A | Aug 23, 2018 | Aug 23, 2027 | Common Stock | 2,949 | 2,949 | D |
Explanation of responses
- F1Options awarded to the Reporting Person represent the stock option portion of her 2017 annual LTI award and a "pull forward" of the stock option portion of her 2018 annual LTI award. The issuer will not make an annual LTI award to the Reporting Person in 2018. Options vest 50% on August 23, 2020 and 50% on August 23, 2021. These options were issued in two parts - one as an incentive stock option (ISO), and the other as a non-qualified stock option (NQUSO) due to ISO limitations.