SEC Form 4 · accession 0001140361-17-027034
CLEARONE INC · CLRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Zeynep Hakimoglu
Officer — PRESIDENT & CEO · Director
Period of report
Jun 30, 2017
Accepted (ET)
Jul 5, 2017 · 10:57 am 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 | Jun 30, 2017 | F | 32,540 | — | D | 185,019 | D | |
| Common StockF1 | Jun 30, 2017 | M | 50,000 | — | A | 235,019 | D | |
| Common StockF2 | Jun 30, 2017 | F | 8,198 | — | D | 226,821 | 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) | $6.15 | Jun 30, 2017 | M | 50,000 | D | Aug 14, 2008 | Aug 14, 2017 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1On June 30, 2017, the reporting person exercised options to purchase 50,000 shares of common stock at an exercise price of $6.15 per share (the "Options"). As payment of the exercise price of the Options, the reporting person forfeited to the issuer 32,540 shares of common stock beneficially owned by the reporting person prior to the exercise of the Options with a market value equal to the exercise price for the Options based on the closing price of the issuer's common stock as reported on the Nasdaq Capital Market on the date of exercise.
- F2In connection with the exercise of the Options, the issuer withheld 8,198 shares in satisfaction of U.S. federal income tax withholding obligations with respect to the exercise of the Options.