SEC Form 4 · accession 0001144204-16-095352
DATAWATCH CORP · DWCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard De J Osborne
Director
Period of report
Apr 19, 2016
Accepted (ET)
Apr 20, 2016 · 5:39 pm EDT
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 | Apr 19, 2016 | A | 2,500 | $0.00 | A | 348,502 | D | |
| Common StockF3 | holding | — | — | — | 3,000 | I | Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities awarded on 4/19/2016 are in the form of restricted stock units (RSUs) issued pursuant to the Datawatch Second Amended and Restated 2011 Equity Compensation and Incentive Plan. 833 RSUs will vest on 5/1/2017 and an additional 833 RSUs will vest on 5/1/2018, with the final 834 RSUs vesting on 5/1/2019. This vesting schedule is subject to acceleration in certain instances in connection with an acquisition or other change of control event.
- F2Includes 143,370 shares held by Carnegie Hill Associates, LLC. Mr. Osborne is the Managing Principal of Carnegie Hill Associates, LLC and may be deemed a beneficial owner of the shares held by Carnegie Hill Associates, LLC. Mr. Osborne disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- F3These shares are owned by Mr. Osborne's wife. The reporting person acquired beneficial ownership of these shares upon his marriage to the owner of the shares on November 22, 2014. 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.