SEC Form 4 · accession 0001179110-18-010352
ARC Group Worldwide, Inc. · ARCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Drew M. Kelley
Other
Period of report
Aug 3, 2018
Accepted (ET)
Aug 7, 2018 · 4:50 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 | Aug 3, 2018 | M | 15,616 | $1.51 | A | 49,890 | 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,F3 | $1.51 | May 10, 2018 | E | 41,800 | D | — | May 15, 2023 | Common Stock | 41,800 | 164,485 | D |
| Stock Option (Right to Buy)F2,F3 | $4.40 | May 10, 2018 | E | 74,575 | D | — | Feb 10, 2027 | Common Stock | 74,575 | 89,910 | D |
| Stock Option (Right to Buy)F4 | $1.51 | Aug 3, 2018 | X | 22,700 | D | May 10, 2018 | Jan 15, 2023 | Common Stock | 22,700 | 67,210 | D |
Explanation of responses
- F1Upon departure from the Company on May 10, 2018, 41,800 unvested shares were forfeited of a grant of 104,500 shares granted on January 15, 2016, which vested 20% upon grant and 20% on each anniversary thereof. All unvested shares were forfeited upon departure.
- F2Upon departure from the Company on May 10, 2018, 74,575 shares granted on February 10, 2017, vesting 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. As the price vesting was not met upon departure, the shares were forfeited.
- F3Expiration date was per original grant. Upon departure, expiration date for all unvested shares was accelerated to date of departure.
- F4As of the date of this report and after giving effect to all transactions disclosed herein, the reporting person holds options exercisable for the purchase of 67,210 shares of the issuer's common stock at various exercise prices. All such remaining options if not exercised prior to August 10, 2018 will terminate.