SEC Form 4 · accession 0001144204-18-038702
DATAWATCH CORP · DWCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ken Tacelli
Officer — Chief Operating Officer
Period of report
Jul 13, 2018
Accepted (ET)
Jul 17, 2018 · 5:15 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 | Jul 13, 2018 | A | 10,000 | $0.00 | D | 171,684 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities awarded on 7/13/2018 are in the form of restricted stock units ("RSUs") issued pursuant to Datawatch Third Amended and Restated 2011 Equity Compensation and Incentive Plan (the "Plan"). 3,333 RSUs will vest upon the issuer, including Angoss, its wholly-owned Canadian subsidiary, achieving its annual booking target for the twelve month period ending September 30, 2018 (the "2018 Bookings Target"). If the issuer achieves its 2018 Bookings Target, 3,333 RSUs and 3,334 RSUs will vest on the first and second anniversaries of May 1, 2019, respectively, provided that Mr. Tacelli remains employed by the issuer on these dates. This vesting schedule is subject to acceleration in certain instances in connection with an acquisition or other change of control event.