SEC Form 4 · accession 0001144204-15-010132
DATAWATCH CORP · DWCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Anthony Morrison
Officer — President and CEO · Director
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 4:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000792130
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | Feb 12, 2015 | F | 4,167 | $6.3346 | D | 298,520 | D | |
| Common StockF1,F2,F4 | Feb 12, 2015 | S | 35,000 | $6.3469 | D | 263,520 | D | |
| Common StockF2,F5 | Feb 13, 2015 | S | 43,236 | $6.3405 | D | 220,284 | D | |
| Common StockF2,F6 | Feb 17, 2015 | S | 16,764 | $6.2441 | D | 203,520 | D | |
| Common StockF7 | holding | — | — | — | 88 | I | By Daughter | |
| Common StockF7 | holding | — | — | — | 60 | I | By Daughter | |
| Common StockF7 | holding | — | — | — | 44 | I | By Son | |
| Common StockF8 | holding | — | — | — | 119,463 | I | Trustee | |
| Common StockF9 | holding | — | — | — | 15,297 | I | Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These transactions were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person.
- F2These transactions include sales effected to eliminate in its entirety a margin position previously held by the reporting person in order to comply with the Issuer's recently amended insider trading policy, which discourages such margin positions.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.20 to $6.44. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.22 to $6.49. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.29 to $6.49. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.23 to $6.30. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
- F7The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F8These shares are owned by Merrill Lynch, Trustee f/b/o Michael Morrison Roth IRA.
- F9These shares are owned by Mr. Morrison's wife as custodian for five UTMA accounts. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.