SEC Form 4 · accession 0001127602-17-026557
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, 2017
Accepted (ET)
Aug 28, 2017 · 5:23 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, 2017 | M | 5,424 | $18.60 | A | 16,179 | D | |
| Common StockF1 | Aug 25, 2017 | M | 1,421 | $18.60 | A | 17,600 | D | |
| Common StockF1 | Aug 25, 2017 | S | 7,838 | $34.031 | D | 9,762 | D | |
| Common StockF1 | Aug 25, 2017 | F | 226 | $34.00 | D | 9,536 | D | |
| Common StockF1 | Aug 26, 2017 | F | 323 | $34.00 | D | 9,213 | 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 | $18.60 | Aug 25, 2017 | M | 5,424 | D | Aug 29, 2013 | Aug 29, 2022 | Common Stock | 5,424 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $18.60 | Aug 25, 2017 | M | 1,421 | D | Aug 29, 2013 | Aug 29, 2022 | Common Stock | 1,421 | 0 | D |
Explanation of responses
- F1Includes 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.
- 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.