SEC Form 4 · accession 0001140361-16-057906
CLEARONE INC · CLRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Narasimhan Narayanan
Officer — SENIOR VP FINANCE
Period of report
Mar 11, 2016
Accepted (ET)
Mar 15, 2016 · 7:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000840715
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 4,156 | 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)F2 | $11.96 | Mar 11, 2016 | A | 25,000 | A | — | Mar 11, 2026 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Securities Beneficially Owned include 1,433 shares acquired pursuant to issuer's employee stock purchase plan on February 3, 2016 in a transaction exempt from Section 16 reporting requirements under Rule 16b-3.
- F2One-third of the options granted will vest on the first anniversary of the date of grant, which was March 11, 2016. The remaining options vest in equal monthly increments over the subsequent 24-month period.