SEC Form 4 · accession 0001127602-17-028523
Covista Inc. · CVSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donna Jennings
Officer — Senior Vice President,
Period of report
Sep 28, 2017
Accepted (ET)
Oct 2, 2017 · 9:58 am 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 | Sep 28, 2017 | M | 4,944 | $18.60 | A | 23,978 | D | |
| Common StockF1 | Sep 28, 2017 | F | 2,602 | $35.35 | D | 21,376 | 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 | $18.60 | Sep 28, 2017 | M | 4,944 | D | Aug 29, 2013 | Aug 29, 2022 | Common Stock | 4,944 | 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.
- F2The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 3, 2017.
- F3This 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.