SEC Form 4 · accession 0001127602-18-006248
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
Feb 13, 2018
Accepted (ET)
Feb 15, 2018 · 10:43 am 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 13, 2018 | M | 2,025 | $45.55 | A | 11,238 | D | |
| Common StockF1 | Feb 13, 2018 | M | 6,475 | $45.55 | A | 17,713 | D | |
| Common StockF1 | Feb 13, 2018 | M | 2,987 | $45.55 | A | 20,700 | D | |
| Common StockF1 | Feb 13, 2018 | M | 1,063 | $45.55 | A | 21,763 | D | |
| Common StockF1 | Feb 13, 2018 | M | 2,150 | $45.55 | A | 23,913 | D | |
| Common StockF1 | Feb 13, 2018 | M | 2,150 | $45.55 | A | 26,063 | D | |
| Common StockF1 | Feb 13, 2018 | S | 16,850 | $45.55 | 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 | $23.78 | Feb 13, 2018 | M | 2,025 | D | Aug 25, 2017 | Aug 25, 2026 | Common Stock | 2,025 | 6,075 | D |
| Incentive Stock Option (Right to Buy)F2 | $28.32 | Feb 13, 2018 | M | 6,475 | D | Aug 21, 2014 | Aug 21, 2023 | Common Stock | 6,475 | 0 | D |
| Incentive Stock Option (Right to Buy)F3 | $41.87 | Feb 13, 2018 | M | 2,987 | D | Aug 24, 2012 | Aug 24, 2021 | Common Stock | 2,987 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F3 | $41.87 | Feb 13, 2018 | M | 1,063 | D | Aug 24, 2012 | Aug 24, 2021 | Common Stock | 1,063 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F3 | $38.71 | Feb 13, 2018 | M | 2,150 | D | Aug 27, 2011 | Aug 27, 2020 | Common Stock | 2,150 | 0 | D |
| Incentive Stock Option (Right to Buy)F3 | $38.71 | Feb 13, 2018 | M | 2,150 | D | Aug 27, 2011 | Aug 27, 2020 | Common Stock | 2,150 | 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. These restricted stock units vest 25% on the anniversary of the original grant date and are fully-vested on the four year anniversary of the grant date.
- F2This option vests at 25% per year. This option will be fully vested at the end of the 4th year.
- 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.