SEC Form 4 · accession 0001209191-15-081047
MITEK SYSTEMS INC · MITK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell C. Clark
Officer — Chief Financial Officer
Period of report
Nov 16, 2015
Accepted (ET)
Nov 18, 2015 · 5:27 pm EST
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 StockF1 | Nov 16, 2015 | A | 150,000 | $0.00 | A | 191,019 | D | |
| Common StockF2,F3 | Nov 17, 2015 | S | 481 | $4.35 | D | 190,538 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units (RSU) granted on November 16, 2015. The shares subject to the RSU award vest over four years from the date of grant, with 25% of the shares subject to the award vesting on the first anniversary of the date of grant and thereafter in three equal annual installments.
- F2Represents the disposition of shares to pay withholding taxes upon vesting of 1,250 restricted stock units in satisfaction of such withholding obligation.
- F3Comprised of 16,257 shares of common stock and 174,281 shares of common stock subject to restricted stock units held by the reporting person.