SEC Form 4 · accession 0001654954-18-006118
ACCESS Newswire Inc. · ACCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J. Patrick Galleher
Director
Period of report
May 29, 2018
Accepted (ET)
May 31, 2018 · 4:05 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 StockF1 | May 29, 2018 | S | 163 | $17.50 | D | 17,503 | D | |
| Common StockF1,F2 | May 30, 2018 | S | 3,903 | $17.25 | D | 13,600 | D | |
| Common StockF1 | May 30, 2018 | S | 4,066 | $13.49 | A | 17,666 | 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 | $13.49 | May 30, 2018 | M | 4,066 | D | Jun 30, 2014 | Jun 30, 2019 | Common Stock | 4,066 | 35,934 | D |
Explanation of responses
- F1This Form is being filed to report, among other things, the exercise of a stock option for a total of 4,066 shares of Common Stock. The stock option was initially granted to the Reporting Person on March 11, 2014 for an aggregate of 40,000 shares of Common Stock at an exercise price of $13.49 per share (the "Initial Option"). In connection with the exercise of the stock option, the Reporting Person sold 163 shares of Common Stock on the open market on May 29, 2018 at a price of $17.50 and 3,903 shares of Common Stock on the open market on May 30, 2018 at a weighted average price of $17.25 per share for gross proceeds of $70,180 in order to pay for the aggregate option exercise price of $54,850. As a result of these transactions, the Reporting Person, on a net basis, did not acquire any additional shares of Common Stock. The Reporting Person continues to have 35,934 shares of Common Stock exercisable under the Initial Option.
- F2The $17.25 represents a weighted average price. The Reporting Person sold 3 shares of Common Stock at price of $17.50 per share and 3,900 shares of Common Stock at a price of $17.25 per share.