SEC Form 4 · accession 0001209191-16-117638
MITEK SYSTEMS INC · MITK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael E Diamond
Other
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 9:47 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 | 76,007 | $3.89 | A | 241,892 | D | |
| Common Stock | May 2, 2016 | M | 9,591 | $2.66 | A | 251,483 | D | |
| Common Stock | May 2, 2016 | M | 84,409 | $3.89 | A | 335,892 | D | |
| Common StockF1,F2 | May 2, 2016 | S | 76,007 | $8.0237 | D | 259,885 | D | |
| Common StockF3,F4 | May 2, 2016 | S | 94,000 | $8.082 | D | 165,885 | 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) | $3.89 | May 2, 2016 | M | 76,007 | D | Jun 29, 2013 | Jun 29, 2022 | Common Stock | 76,007 | 258,993 | D |
| Stock Option (Right to Buy) | $2.66 | May 2, 2016 | M | 9,591 | D | Nov 5, 2015 | Nov 5, 2024 | Common Stock | 9,591 | 249,402 | D |
| Stock Option (Right to Buy) | $3.89 | May 2, 2016 | M | 84,409 | D | Jun 29, 2013 | Jun 29, 2022 | Common Stock | 84,409 | 164,993 | D |
Explanation of responses
- F1The reporting person sold the shares in connection with a financial diversification plan, which shares represented 15.17% of the reporting person's holdings.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.96 - $8.17, 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.
- F3The reporting person sold the shares in connection with a financial diversification plan, which shares represented 18.76% of the reporting person's holdings. The sales of common stock reported under footnote 3 in this Form 4 were made pursuant to a 10b5-1 trading plan adopted by the reporting person on March 16, 2016.
- F4The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.92 - $8.235, 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.