SEC Form 4 · accession 0001209191-16-117637
MITEK SYSTEMS INC · MITK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B Debello
Officer — President & CEO & Chairman · Director
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 9:36 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 | May 2, 2016 | M | 89,247 | $1.10 | A | 803,789 | D | |
| Common Stock | May 2, 2016 | M | 59,091 | $1.10 | A | 862,880 | D | |
| Common StockF1,F2 | May 2, 2016 | S | 59,091 | $8.1108 | D | 803,789 | 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) | $1.10 | May 2, 2016 | M | 89,247 | D | Jul 10, 2009 | Jul 10, 2016 | Common Stock | 89,247 | 1,090,921 | D |
| Stock Option (Right to Buy) | $1.10 | May 2, 2016 | M | 59,091 | D | Jul 10, 2009 | Jul 10, 2016 | Common Stock | 59,091 | 1,031,830 | D |
Explanation of responses
- F1Mr. DeBello purchased and holds 89,247 shares pursuant to exercising a 2006 option grant. In addition Mr. DeBello exercised and sold 59,091 shares to cover taxes and associated costs pursuant to a 2006 option grant due to expire this year. The sales of common stock reported in this Form 4 were made pursuant to a 10b5-1 trading plan adopted by the reporting person on March 16, 2016 (the "Trading Plan"). Pursuant to the Trading Plan, Mr. DeBello, may sell, on a periodic basis, vested stock options that would otherwise expire on July 10, 2016.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.92 - $8.2950, inclusive. The reporting person undertakes to provide to Mitek Systems, Inc., any security holder of Mitek Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2.