SEC Form 4 · accession 0001144204-15-064498
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
Nov 10, 2015
Accepted (ET)
Nov 12, 2015 · 11:08 am 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,F2 | Nov 10, 2015 | A | 75,000 | $0.00 | A | 211,020 | D | |
| Common StockF3 | holding | — | — | — | 88 | I | By Daughter | |
| Common StockF3 | holding | — | — | — | 60 | I | By Daughter | |
| Common StockF3 | holding | — | — | — | 44 | I | By Son | |
| Common StockF4 | holding | — | — | — | 119,463 | I | Trustee | |
| Common StockF5 | holding | — | — | — | 15,297 | I | Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities awarded on 11/10/2015 are in the form of restricted stock units (RSUs) issued pursuant to the issuer's Second Amended and Restated 2011 Equity Compensation and Incentive Plan. 25,000 RSUs will vest on 11/15/2016 and an additional 25,000 RSUs will vest at 11/15/2017, with the final 25,000 RSUs vesting on 11/15/2018. This vesting schedule is subject to acceleration in certain instances in connection with an acquisition or other change of control event.
- F2This amount no longer includes the 20,000 performance-based RSUs awarded to Mr. Morrison on 11/20/14 which did not vest.
- F3The 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.
- F4These shares are owned by Merrill Lynch, Trustee f/b/o Michael Morrison Roth IRA.
- F5These 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.