SEC Form 4 · accession 0001042167-16-000278
VERU INC. · VERU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
O B Parrish
Officer — Chief Executive Officer · Director
Period of report
Aug 27, 2016
Accepted (ET)
Sep 9, 2016 · 11:25 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000863894
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per shareF1 | Aug 27, 2016 | M | 11,000 | — | A | 825,849 | D | |
| Common Stock, par value $.01 per shareF1 | Aug 27, 2016 | D | 11,000 | $1.32 | D | 814,849 | D | |
| Common Stock, par value $.01 per shareF2 | holding | — | — | — | 233,501 | I | Note |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Right to receive Common StockF1 | — | Aug 27, 2016 | M | 11,000 | A | Aug 27, 2016 | Aug 27, 2016 | Common Stock | 11,000 | 0 | D |
Explanation of responses
- F1The reporting person had the right to receive at his election either 11,000 shares of FHCO common stock or cash based on the market value of 11,000 shares of FHCO common stock as of August 27, 2016, which was $1.32 per share. The reporting person elected to receive cash based on the market value of 11,000 shares of FHC common stock as of August 27, 2016.
- F2The reporting person is deemed to indirectly own 233,501 shares held by Phoenix Health Care of Illinois, Inc. ("Phoenix"), of which the reporting person is an officer, director and shareholder. The reporting person disclaims beneficial ownership in the shares held by Phoenix except to the extent of his pecuniary interest therein.