SEC Form 4 · accession 0001140361-16-058468
CLEARONE INC · CLRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zeynep Hakimoglu
Officer — PRESIDENT & CEO · Director
Period of report
Mar 17, 2016
Accepted (ET)
Mar 18, 2016 · 9:44 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 Stock | Mar 18, 2016 | M | 56,000 | $3.65 | A | 204,853 | 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) | $3.65 | Mar 17, 2016 | D | 94,000 | D | Sep 18, 2007 | Sep 18, 2016 | Common Stock | 94,000 | 56,000 | D |
| Stock Option (Right to Buy) | $3.65 | Mar 18, 2016 | M | 56,000 | D | Sep 18, 2007 | Sep 18, 2016 | Common Stock | 56,000 | 0 | D |
Explanation of responses
- F1Under terms approved by the Board of Directors of the Company, the Company repurchased from the Reporting Person the referenced stock options at a purchase price of $12.18 less the exercise price of the stock options.