SEC Form 4 · accession 0001437749-18-010506
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
May 18, 2018
Accepted (ET)
May 22, 2018 · 4:14 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 | May 18, 2018 | A | 75,268 | $8.11 | A | 199,786 | D | |
| Common StockF2 | May 18, 2018 | S | 44,900 | $8.00 | D | 154,886 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were received pursuant to the Company's Long-Term Stock Incentive Plan ("LTIP"), which Plan was approved by the Company's shareholders on June 12, 2008. The shares vested pursuant to the terms of the previous award stock grant, which was a component of Mr. Broad's Employment Agreement dated July 1, 2013.
- F2The sales reported in this Form 4 primarily represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock.