SEC Form 4 · accession 0001628280-17-006945
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
Jul 3, 2017
Accepted (ET)
Jul 6, 2017 · 5:02 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 StockF1 | Jul 3, 2017 | S | 39,400 | $8.25 | D | 88,818 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the reporting person's resignation from the Company, 90,966 unvested restricted stock units held by the reporting person were automatically accelerated and became vested pursuant to the terms of the reporting person's Executive Severance and Change of Control Plan. At such time, 38,560 shares were automatically sold by Mitek Systems, Inc. to pay withholding taxes upon vesting of such restricted stock units in satisfaction of such withholding obligations.