SEC Form 4 · accession 0001140361-17-028766
CELADON GROUP INC · CGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul C Svindland
Officer — CEO · Director
Period of report
Jul 24, 2017
Accepted (ET)
Jul 26, 2017 · 6:36 pm EDT
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 | Jul 24, 2017 | A | 400,000 | $0.00 | A | 400,000 | D | |
| Common StockF2 | Jul 24, 2017 | A | 200,000 | $0.00 | A | 600,000 | 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 | $4.00 | Jul 24, 2017 | A | 70,000 | A | — | Jul 24, 2027 | Common Stock | 70,000 | 70,000 | D |
| Employee Stock Option (Right-to-Buy)F3 | $5.00 | Jul 24, 2017 | A | 70,000 | A | — | Jul 24, 2027 | Common Stock | 70,000 | 70,000 | D |
| Employee Stock Option (Right-to-Buy)F3 | $6.00 | Jul 24, 2017 | A | 60,000 | A | — | Jul 24, 2027 | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1Represents an inducement award of stock to the reporting person in connection with his appointment as CEO. The award is subject to certain holding provisions.
- F2Represents an inducement award of restricted stock to the reporting person in connection with his appointment as CEO. The award is subject to certain vesting, holding, and forfeiture provisions.
- F3Represents an inducement award of stock options to the reporting person in connection with his appointment as CEO. The options to purchase an aggregate of 200,000 shares of the Issuer's common stock become exercisable in one-third increments on each of 8/1/2019, 8/1/2020, and 8/1/2021, and are subject to certain forfeiture provisions.