SEC Form 4 · accession 0001144204-17-021302
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
Apr 18, 2017
Accepted (ET)
Apr 20, 2017 · 4:53 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 | Apr 18, 2017 | A | 110,000 | $0.00 | A | 197,535 | D | |
| Common StockF2 | holding | — | — | — | 119,463 | I | Trustee | |
| Common StockF3,F4 | holding | — | — | — | 15,297 | I | Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities awarded on 4/18/2017 are in the form of restricted stock units (RSUs) issued pursuant to the Datawatch Third Amended and Restated 2011 Equity Compensation and Incentive Plan. 36,666 RSUs will vest on 5/1/2018 and an additional 36,667 RSUs will vest on 5/1/2019, with the final 36,667 RSUs vesting on 5/1/2020. This vesting schedule is subject to acceleration in certain instances in connection with an acquisition or other change of control event.
- F2These shares are owned by Merrill Lynch, Trustee f/b/o Michael Morrison Roth IRA.
- F3These 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.
- F4This amount includes 192 shares owned by Mr. Morrison's children held in UTMA accounts which were previously reported as separate holdings.