SEC Form 4 · accession 0001354488-15-003218
ACCESS Newswire Inc. · ACCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian R Balbirnie
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Mar 13, 2015
Accepted (ET)
Jun 30, 2015 · 6:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000843006
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 13, 2015 | J | 4,500 | $0.00 | D | 610,866 | D | |
| Common StockF2 | Jun 24, 2015 | F | 7,589 | $8.00 | A | 618,455 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF4 | $9.26 | Dec 16, 2014 | A | 500 | A | — | Dec 16, 2024 | Common Stock | 500 | 8,000 | I |
| Restricted Stock UnitF5 | $0.00 | Dec 16, 2014 | A | 1,000 | A | Dec 16, 2015 | Dec 16, 2015 | Common Stock | 1,000 | 1,000 | I |
| Option to Purchase Common StockF3 | — | holding | — | — | — | — | Apr 2, 2022 | Common Stock | 7,500 | 7,500 | I |
Explanation of responses
- F1Reporting Person granted 1,500 shares of the Registrant?s common stock to three employees of Registrant for an aggregate of 4,500 shares of common stock. Reporting Person did not receive any consideration for any of the grants.
- F2Reporting Person executed a cashless exercise of stock options by selling 3,082 shares of common stock at $8.00 per share and using the $24,664 in proceeds to exercise options to purchase 10,671 shares of common stock at an exercise price of $2.31 for an aggregate increase of 7,589 shares of common stock.
- F32010 Equity Incentive Plan ? Incentive Stock Option issued to spouse over a period with conversion prices ranging from 1.70 to 3.33. All such options have vested as of the date of this filing.
- F42014 Equity Incentive Plan ? Incentive Stock Option issued to spouse on December 16, 2014 with the following vesting schedule: 25% upon the first anniversary of grant and the remaining 75% on a quarterly basis for the three years thereafter. All options under this grant accelerate upon a Corporate Transaction as defined in the Registrant?s 2014 Equity Inventive Plan.
- F52014 Equity Incentive Plan ? Restrictive Stock Unit grant to spouse on December 16, 2014 with the following vesting schedule: 100% upon the first anniversary of grant. All restricted stock units vest upon a Corporate Transaction as defined in the Registrant?s 2014 Equity Inventive Plan. Each Restricted Stock Unit represents the right to receive, at settlement, one share of the Registrant?s common stock.