SEC Form 4 · accession 0001140361-16-058472
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 17, 2016
Accepted (ET)
Mar 18, 2016 · 9:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000840715
Table I — non-derivative securities
No Table I lines on this filing.
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) | $2.78 | Mar 17, 2016 | D | 10,000 | D | Aug 27, 2010 | Aug 27, 2019 | Common Stock | 10,000 | 20,000 | 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 equal to $12.18 less the exercise price of the stock options.