SEC Form 4 · accession 0000908662-17-000195
SEVCON, INC. · SEV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Boyle
Officer — President and CEO · Director
Period of report
Sep 27, 2017
Accepted (ET)
Sep 29, 2017 · 12:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000825411
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 27, 2017 | M | 4,615 | $8.75 | A | 132,511 | D | |
| Common StockF2 | Sep 27, 2017 | D | 132,511 | $22.00 | D | 0 | D | |
| Common StockF2 | Sep 27, 2017 | D | 4,000 | $22.00 | D | 0 | I | By Wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Convertible Preferred StockF2,F3 | $8.00 | Sep 27, 2017 | D | 9,123 | D | Sep 8, 2014 | — | Common Stock | 27,369 | 0 | D |
| Stock Option (Right to Buy)F4,F5 | $9.944 | Sep 27, 2017 | M | 4,615 | D | — | Dec 16, 2020 | Common Stock | 4,615 | 0 | D |
Explanation of responses
- F1The exercise price of the options is 6.50 British Pounds Sterling per share. The reported figure of $8.75 is the USD equivalent at time of exercise.
- F2Disposed of pursuant to merger agreement by and among Issuer, BorgWarner Inc. and Slade Merger Sub Inc. (the "Merger Agreement") for a cash payment of the per share price noted.
- F3The Series A Convertible Preferred Stock had no expiration date.
- F4The exercise price of the options is 6.50 British Pounds Sterling per share. The reported figure of $9.944 is the USD equivalent at time of grant.
- F5Fully vested.