SEC Form 4 · accession 0001140361-17-029824
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
Aug 1, 2017
Accepted (ET)
Aug 2, 2017 · 1:01 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 StockF1 | Aug 1, 2017 | F | 6,809 | — | D | 229,594 | D | |
| Common StockF1 | Aug 1, 2017 | M | 16,620 | — | A | 246,214 | D | |
| Common StockF2 | Aug 1, 2017 | F | 4,607 | — | D | 241,607 | 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) | $4.03 | Aug 1, 2017 | M | 16,620 | A | Nov 4, 2009 | Nov 3, 2018 | Common Stock | 16,620 | 33,380 | D |
Explanation of responses
- F1On August 1, 2017, the reporting person exercised options to purchase 16,620 shares of common stock at an exercise price of $4.03 per share (the "Options"). As payment of the exercise price of the Options, the reporting person forfeited to the issuer 6,809 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 4,607 shares in satisfaction of U.S. federal income tax withholding obligations with respect to the exercise of the Options.