SEC Form 4 · accession 0001140361-16-089942
CLEARONE INC · CLRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Narasimhan Narayanan
Officer — VP FINANCE
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 1:02 pm EST
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)F1 | $11.00 | Dec 14, 2016 | A | 2,500 | A | — | Dec 14, 2026 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1One-third of the options granted will vest on the first anniversary of the date of grant, which is December 14, 2017. The remaining options will vest in equal monthly increments over the subsequent 24-month period.