SEC Form 4 · accession 0001437749-17-005935
MAM SOFTWARE GROUP, INC. · MAMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee Richard Broad
Officer — Chief Technology Officer
Period of report
Mar 30, 2017
Accepted (ET)
Apr 3, 2017 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000832488
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 30, 2017 | M | 8,776 | $2.13 | A | 121,862 | D | |
| Common Stock | Mar 30, 2017 | F | 3,282 | $6.35 | D | 118,580 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $2.13 | Mar 30, 2017 | M | 8,776 | D | — | Sep 1, 2022 | Common Stock | 8,776 | 0 | D |
Explanation of responses
- F1The shares were received pursuant to the Company's Long-Term Stock Incentive Plan ("LTIP"), approved by the Company's shareholders on June 12, 2008. Stock grants awarded under this plan are accounted for in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC").
- F2Of the employee stock options granted on September 1, 2012, all vested and became exercisable immediately.
Remarks
This Form 4 reports: (i) the exercise of the employee stock options by the reporting person, and (2) the related disposition by the reporting person to the issuer of shares to cover the exercise price and taxes.