SEC Form 4 · accession 0001354488-16-007918

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

Jun 23, 2016

Accepted (ET)

Jun 28, 2016 · 8:04 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^F1	Jun 24, 2016	M	7,500	—	A	7,500	I	By Spouse
Common Stock^F2	Jun 24, 2016	S	7,500	$5.89	D	0	I	By Spouse
Common Stock^F3	Jun 23, 2016	P	1,000	$6.10	A	620,255	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 Stock^F4	—	holding	—	—	—	—	Dec 16, 2024	Common Stock	500	500	I
Restricted Stock Unit^F5	—	holding	—	—	—	—	Dec 16, 2017	Common Stock	1,000	1,000	I
Restricted Stock Unit^F6	—	holding	—	—	—	—	Jan 1, 2019	Common Stock	1,000	2,000	I

Explanation of responses

F1Reflects shares underlying options to purchase common stock under the Issuer's 2010 Equity Incentive Plan and held by the Reporting Person's spouse with exercise prices of $1.70 for 3,000 shares, $2.10 for 1,500 shares and $3.30 for 3,000 shares for which the Reporting Person's spouse paid an aggregate exercise price of $18,240 to the Issuer. All such options had previously vested.
F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.73 to $6.00. 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.
F3On June 23, 2016, the Reporting Person purchased 1,000 shares so that his aggregate holding is 620,255 shares of the Issuer's common stock 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 third 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.
F62014 Equity Incentive Plan - Restrictive Stock Unit grant to spouse on January 1, 2016 with the following vesting schedule: (i) 33 1/3% on the first anniversary of the date of grant; (ii) 33 1/3% on the second anniversary of the date of grant and (iii) the remaining 33 1/3% on the third anniversary of the date 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.