SEC Form 4 · accession 0001127602-18-005107
Covista Inc. · CVSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan Groenwald
Officer — President, Chamberlain
Period of report
Feb 9, 2018
Accepted (ET)
Feb 12, 2018 · 1:11 pm EST
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 | Feb 9, 2018 | M | 5,082 | $45.2534 | A | 34,876 | D | |
| Common StockF1 | Feb 9, 2018 | M | 4,316 | $45.2534 | A | 39,192 | D | |
| Common StockF1 | Feb 9, 2018 | F | 4,790 | $45.2534 | D | 34,402 | D | |
| Common StockF1 | Feb 9, 2018 | M | 11,643 | $45.2534 | A | 46,045 | D | |
| Common StockF1 | Feb 9, 2018 | M | 12,084 | $45.2534 | A | 58,129 | D | |
| Common StockF1 | Feb 9, 2018 | M | 9,650 | $45.2534 | A | 67,779 | D | |
| Common StockF1 | Feb 9, 2018 | M | 5,318 | $45.2534 | A | 73,097 | D | |
| Common StockF1 | Feb 9, 2018 | S | 38,695 | $45.2534 | D | 34,402 | 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 | Feb 9, 2018 | M | 5,082 | D | Aug 29, 2013 | Aug 29, 2022 | Common Stock | 5,082 | 0 | D |
| Incentive Stock Option (Right to Buy)F2 | $28.32 | Feb 9, 2018 | M | 4,316 | D | Aug 21, 2014 | Aug 21, 2023 | Common Stock | 4,316 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $18.60 | Feb 9, 2018 | M | 11,643 | D | Aug 29, 2013 | Aug 29, 2022 | Common Stock | 11,643 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $28.32 | Feb 9, 2018 | M | 12,084 | D | Aug 21, 2014 | Aug 21, 2023 | Common Stock | 12,084 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $26.23 | Feb 9, 2018 | M | 9,650 | D | Aug 26, 2016 | Aug 26, 2025 | Common Stock | 9,650 | 5,838 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $23.78 | Feb 9, 2018 | M | 5,318 | D | Aug 25, 2017 | Aug 25, 2026 | Common Stock | 5,318 | 11,752 | 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.