SEC Form 4 · accession 0001225208-16-040423
Inuvo, Inc. · INUV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wallace D Ruiz
Officer — CFO
Period of report
Oct 6, 2016
Accepted (ET)
Oct 11, 2016 · 5:39 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 | Oct 6, 2016 | M | 16,667 | $0.00 | A | 274,626 | D | |
| Common Stock | Oct 6, 2016 | F | 6,542 | $1.30 | D | 268,084 | D |
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 | — | Oct 6, 2016 | M | 16,667 | D | — | Oct 6, 2016 | Common Stock | 16,667 | 0 | 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.
- F3The restricted stock units become vested 33.33% per year beginning on the first anniversary of the date of grant.