SEC Form 4 · accession 0001209191-15-062529
MITEK SYSTEMS INC · MITK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B Debello
Officer — President & CEO · Director
Period of report
Jul 24, 2015
Accepted (ET)
Jul 27, 2015 · 4:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000807863
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 24, 2015 | M | 73,828 | $0.82 | A | 597,420 | D | |
| Common Stock | Jul 24, 2015 | M | 1,662 | $1.10 | A | 599,082 | D | |
| Common StockF1,F2 | Jul 24, 2015 | S | 75,490 | $4.1271 | D | 523,592 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $0.82 | Jul 24, 2015 | M | 73,828 | A | Nov 18, 2005 | Nov 18, 2015 | Common Stock | 73,828 | 0 | D |
| Stock Option (Right to Buy) | $1.10 | Jul 24, 2015 | M | 1,662 | A | Jul 10, 2006 | Jul 10, 2016 | Common Stock | 1,662 | 89,247 | D |
Explanation of responses
- F1This sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 4, 2015 (the "Trading Plan"). Pursuant to the Trading Plan, Mr. DeBello, may sell, on a periodic basis, vested stock options that would otherwise expire on November 18, 2015 and July 10, 2016. In addition to the common stock and restricted stock units referenced in footnote 2 below, following this sale Mr. DeBello holds 1,180,168 Mitek stock options.
- F2Comprised of 434,636 shares of common stock and 88,956 shares subject to restricted stock units held by the reporting person.