SEC Form 4 · accession 0001179110-17-012762
ARC Group Worldwide, Inc. · ARCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Taney Young
Other
Period of report
Sep 28, 2017
Accepted (ET)
Sep 29, 2017 · 4:02 pm EDT
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 | Sep 28, 2017 | M | 62,700 | $1.51 | A | 490,006 | D | |
| Common Stock | Sep 28, 2017 | S | 40,289 | $2.35 | D | 449,717 | 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)F1 | $1.51 | Sep 28, 2017 | M | 62,700 | D | — | Sep 28, 2017 | Common Stock | 62,700 | 0 | D |
| Stock Option (Right to buy) | $2.50 | Sep 28, 2017 | J | 59,175 | D | Aug 26, 2016 | Sep 28, 2017 | Common Stock | 59,175 | 0 | D |
| Stock Option (Right to Buy)F2 | $2.50 | Sep 28, 2017 | J | 59,175 | A | Sep 28, 2017 | Jun 30, 2022 | Common Stock | 59,175 | 59,175 | D |
Explanation of responses
- F1Options granted on January 15, 2016. An aggregate of 62,700 options vested in 20% increments on each of January 15, 2016 and January 15, 2017.
- F2Effective September 28, 2017, options exercisable for an aggregate of 59,175 shares of common stock, at an exercise price of $2.50 per share, expiring September 28, 2017 (the "Prior Options"), were exchanged for options exercisable for an aggregate of 59,175 shares of common stock, at an exercise price of $2.50 per share, expiring June 30, 2022 (the "Exchange Options"). The Exchange Options were issued in respect of all Prior Options that had fully vested on or prior to June 30, 2017. The Exchange Options were issued in accordance with the terms and conditions of that certain separation agreement entered into between the reporting person and the issuer, effective June 30, 2017.