SEC Form 4 · accession 0001214659-15-000197
EMCORE CORP · EMKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Rittichier
Officer — Chief Executive Officer · Director
Period of report
Jan 5, 2015
Accepted (ET)
Jan 7, 2015 · 5:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000808326
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 5, 2015 | A | 75,000 | — | A | 75,000 | D | |
| Common Stock | Jan 6, 2015 | S | 29,563 | $5.18 | D | 45,437 | D | |
| Common Stock | Jan 6, 2015 | S | 475 | $5.2292 | D | 44,962 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F4,F5 | — | Nov 5, 2015 | A | 225,000 | A | — | — | Emcore Common Stock | 225,000 | 225,000 | D |
Explanation of responses
- F1These shares were issued as part of a 300,000 restricted stock unit grant under the Company's 2012 Equity Incentive Plan in a transaction exempt from Section 16b pursuant to Rule 16b-3(d). This entry represents a portion of the total grant of restricted stock units that vested immediately and was settled in common stock on the grant date.
- F2The shares of common stock were awarded to the Reporting Person for no cash or other similar consideration.
- F3All sales were effected by the reporting person to satisfy the Reporting Person's tax liability in connection with the granting of restricted stock units under the Company's 2012 Equity Incentive Plan, which grant was exempt from Section 16b pursuant to Rule 16b-3(d).
- F4Each restricted stock unit represents a contingent right to receive one share of Emcore common stock. Restricted stock units are payable, at the election of the Issuer, in cash, Emcore common stock, or a combination of the two.
- F5Vests in three equal annual installments commencing on January 5, 2016. Not later than 30 days after vesting occurs, vested shares of Emcore common stock, an amount in cash equal to their fair market value or a combination of the two will be delivered to the Reporting Person.
- F6The restricted stock units were awarded to the Reporting Person for no cash or other similar consideration.