SEC Form 4 · accession 0001140361-17-039023
CELADON GROUP INC · CGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas S Albrecht
Officer — EVP, CFO, and CSO
Period of report
Oct 16, 2017
Accepted (ET)
Oct 18, 2017 · 5:53 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 | Oct 16, 2017 | A | 75,000 | $0.00 | A | 75,000 | D | |
| Common StockF2 | Oct 16, 2017 | A | 100,000 | $0.00 | A | 175,000 | 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 | $5.30 | Oct 16, 2017 | A | 50,000 | A | — | Oct 16, 2027 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Represents an inducement award of stock to the reporting person in connection with his appointment as EVP, CFO, and CSO. 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 EVP, CFO, and CSO. The award is subject to certain vesting and forfeiture provisions.
- F3Represents an inducement award of stock options to the reporting person in connection with his appointment as EVP, CFO, and CSO. The options to purchase an aggregate of 50,000 shares of the Issuer's common stock become exercisable in one-third increments on each of 11/01/2019, 11/01/2020, and 11/01/2021, and are subject to certain forfeiture provisions.