SEC Form 4 · accession 0001638599-15-000259
CCUR Holdings, Inc. · CCUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Derek Elder
Officer — President and CEO
Period of report
Oct 15, 2015
Accepted (ET)
Oct 16, 2015 · 10:34 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000749038
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 15, 2015 | D | 120,000 | $0.00 | D | 70,000 | D | |
| Common StockF2,F1 | Oct 15, 2015 | A | 45,000 | $0.00 | A | 115,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On October 15, 2015, the Company entered into an amendment (the "Amendment") to its employment agreement dated November 18, 2014 (the "Employment Agreement") with Mr. Elder. Pursuant to the terms of the Amendment, the Company and Mr. Elder agreed to rescind the 120,000 restricted stock awards ("RSAs") initially granted under the Concurrent Computer Corporation 2011 Stock Incentive Plan to Mr. Elder pursuant to the terms of the Employment Agreement. This rescission is effective as of November 21, 2014, the date the RSAs were initially granted to Mr. Elder.
- F2In connection with the execution of the Amendment, Mr. Elder was granted 45,000 RSAs. This grant will vest in equal installments over three years on each anniversary of the grant date, provided that Mr. Elder remains employed on each such date.