SEC Form 4 · accession 0001225208-16-037572
Inuvo, Inc. · INUV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John B Pisaris
Officer — General Counsel
Period of report
Aug 4, 2016
Accepted (ET)
Aug 8, 2016 · 2:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000829323
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 4, 2016 | M | 3,018 | $0.00 | A | 291,834 | D | |
| Common StockF1 | Aug 4, 2016 | F | 799 | $1.58 | D | 291,035 | D | |
| Common Stock | holding | — | — | — | 186 | I | By minor daughter | |
| Common Stock | holding | — | — | — | 1,985 | I | By minor son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | Aug 4, 2016 | M | 3,018 | D | — | Aug 4, 2018 | Common Stock | 3,018 | 9,057 | D |
Explanation of responses
- F1Shares withheld by Inuvo, Inc. to satisfy the individual's withholding taxes payable upon vesting of restricted stock units.
- F2Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- F3Restricted stock units vest 25% on the first and second anniversaries of the date of grant and 50% on the third anniversary of the date of grant.