SEC Form 4 · accession 0001140361-15-004151
CELADON GROUP INC · CGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Will
Officer — President & CEO · Director
Period of report
Feb 2, 2015
Accepted (ET)
Feb 4, 2015 · 5:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000865941
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 2, 2015 | S | 57,357 | $24.31 | D | 160,000 | D | |
| Common Stock | Feb 2, 2015 | M | 85,050 | $12.81 | A | 245,050 | D | |
| Common StockF2 | Feb 3, 2015 | S | 85,050 | $24.20 | D | 160,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $12.81 | Feb 2, 2015 | M | 85,050 | D | Jan 12, 2010 | Jan 12, 2016 | Common Stock | 85,050 | 0 | D |
Explanation of responses
- F1Price reflects a weighted average sale price for multiple transactions ranging from $23.91 to $24.60 per share, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each separate price.
- F2Price reflects a weighted average sale price for multiple transactions ranging from $24.00 to $25.00 per share, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Grant of option to purchase reflects adjustment for previous stock splits. Transaction involved exercise of an option to purchase shares of the Issuer's Common Stock at an exercise price of $12.81. Upon exercise, the derivative security converts on a one-to-one basis into the Issuer's Common Stock.