SEC Form 4 · accession 0001127602-18-009350
Covista Inc. · CVSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fernando Lau
Officer — Chief Marketing Officer
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 4:16 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 27, 2018 | M | 2,125 | $46.85 | A | 14,587 | D | |
| Common StockF1 | Feb 27, 2018 | M | 1,950 | $46.85 | A | 16,537 | D | |
| Common StockF1 | Feb 27, 2018 | S | 1,484 | $47.865 | D | 15,053 | D | |
| Common StockF1 | Feb 27, 2018 | F | 2,023 | $46.85 | D | 13,030 | 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 27, 2018 | M | 2,125 | D | Aug 29, 2013 | Aug 29, 2022 | Common Stock | 2,125 | 0 | D |
| Incentive Stock Option (Right to Buy) | $28.32 | Feb 27, 2018 | M | 1,950 | D | Aug 21, 2014 | Aug 21, 2023 | Common Stock | 1,950 | 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.