SEC Form 4 · accession 0001654954-17-010854
ACCESS Newswire Inc. · ACCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William H Everett
Director
Period of report
Nov 16, 2017
Accepted (ET)
Nov 17, 2017 · 4:01 pm 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 | Nov 16, 2017 | M | 10,000 | $7.76 | A | 24,107 | D | |
| Common StockF1,F2 | Nov 16, 2017 | S | 4,607 | $16.88 | D | 19,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Purchase Common StockF1 | $7.76 | Nov 16, 2017 | M | 10,000 | D | Oct 2, 2015 | Oct 2, 2018 | Common Stock | 10,000 | 20,000 | D |
Explanation of responses
- F1This Form is being filed to report the exercise of a stock option for a total of 10,000 shares of Common Stock. The stock option was initially granted to the Reporting Person on October 2, 2013 for an aggregate of 40,000 shares of Common Stock (the "Initial Option"). Simultaneously with the exercise of the stock option, the Reporting Person sold 4,607 shares of Common Stock on the open market at a price of $16.88 per share in order to pay for the aggregate option exercise price of $77,600. As a result of these simultaneous transactions, the Reporting Person, on a net basis, acquired ownership of 5,393 shares of Common Stock. The Reporting Person remains entitled to exercise the remaining 20,000 shares of Common Stock underlying the Initial Option until October 2, 2018.
- F2The $16.88 represents a weighted average price. The Reporting Person sold 2,000 shares at $16.85, 7 shares at $16.855 and 2600 shares at $16.90.