SEC Form 4 · accession 0001354488-15-005523
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
Dec 4, 2015
Accepted (ET)
Dec 14, 2015 · 10:34 am EST
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 StockF1 | Dec 4, 2015 | P | 200 | $6.06 | A | 618,655 | D | |
| Common StockF2 | Dec 11, 2015 | P | 600 | $6.062 | A | 619,255 | 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 StockF3 | — | holding | — | — | — | — | Apr 2, 2022 | Common Stock | 7,500 | 7,500 | I |
| Option to Purchase Common StockF4 | — | holding | — | — | — | — | Dec 16, 2024 | Common Stock | 500 | 8,000 | I |
| Restricted Stock UnitF5 | — | holding | — | — | — | — | Dec 16, 2016 | Common Stock | 1,000 | 1,000 | I |
Explanation of responses
- F1The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.99 to $6.13. The Reporting Person undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer.
- F2The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.05 to $6.12. The Reporting Person undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer.
- 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.