SEC Form 4 · accession 0001179110-17-002329
ARC Group Worldwide, Inc. · ARCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Taney Young
Officer — CEO & President · Director
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 4:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000826326
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 427,306 | 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)F2,F1 | $4.40 | Feb 10, 2017 | A | 371,925 | A | — | Feb 10, 2027 | Common Stock | 371,925 | 587,850 | D |
Explanation of responses
- F1The grant shall vest in its entirety on the date on which the closing price of the ARC Group Worldwide, Inc. (the Company) common stock on five or more consecutive trading days, as reported on the Nasdaq Stock Market, is equal to or greater than two times the exercise price, as long as such date is on or prior to December 31, 2018.
- F2Includes (i) an incentive stock option exercisable for the purchase of 156,750 shares, granted on January 15, 2016, of which 20% vested on January 15, 2016 and the balance will vest in equal increments of 20% of the total award on each anniversary thereof; (ii) an incentive stock option exercisable for the purchase of 59,175 shares, granted and fully vested as of August 26,2016; and (iii) an incentive stock option for the purchase of 371,925 shares granted on February 10, 2017, which vests on the date in which the closing price of the Company's common stock on five or more consecutive trading days, is equal to or greater than two times the exercise price, as long as such date is on or prior to December 31, 2018.