SEC Form 4/A · accession 0001140361-17-027739
CLEARONE INC · CLRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Zeynep Hakimoglu
Officer — PRESIDENT & CEO · Director
Period of report
Jun 30, 2017
Accepted (ET)
Jul 13, 2017 · 11:45 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 | 32,609 | — | D | 184,950 | D | |
| Common StockF1 | Jun 30, 2017 | M | 50,000 | — | A | 234,950 | D | |
| Common StockF2 | Jun 30, 2017 | F | 8,166 | — | D | 226,784 | D |
Table II — derivative securities
No Table II lines on this filing.
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 32,609 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 8,166 shares in satisfaction of U.S. federal income tax withholding obligations with respect to the exercise of the Options.
Remarks
The Form 4 is being amended to correct the amounts of securities forfeited in payment of the exercise price of the Options and the U.S. federal income tax withholding obligations.