SEC Form 4 · accession 0001209191-16-116980
MITEK SYSTEMS INC · MITK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clark Sarah
Other
Period of report
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 3:49 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 | Apr 29, 2016 | A | 6,250 | $0.00 | A | 100,000 | D | |
| Common StockF1 | May 2, 2016 | F | 2,754 | $7.44 | D | 97,236 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Comprised of 12,236 shares of common stock, 20,000 Stock Options, and 65,000 shares of common stock subject to restricted stock units (RSU) held by the reporting person. The 20,000 stock options represent a non-qualified stock option granted on November 4, 2014. Twenty-five percent of the shares subject to the stock option award vested on the first anniversary of the grant date and the remaining shares subject to the award began vesting monthly thereafter in thirty-six equal installments. Of the total 65,000 RSU, 2,500 of the shares subject to the RSU award vest in two equal installments on 11/5/16 and 11/5/2017; 12,500 shares vest in 2 equal installments on 4/29/2017, and 4/29/2018; and 50,000 shares vest in 4 equal installments on 11/16/2016, 11/16/2017, 11/16/2018 and 11/16/2019.