SEC Form 4 · accession 0000899243-16-036398
ELECTRONICS FOR IMAGING INC · EFII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Guy Gecht
Officer — Chief Executive Officer · Director
Period of report
Dec 27, 2016
Accepted (ET)
Dec 29, 2016 · 4:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000867374
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 27, 2016 | M | 13,000 | $11.40 | A | 428,373 | D | |
| Common Stock | Dec 27, 2016 | F | 3,367 | $44.02 | D | 425,006 | D | |
| Common Stock | Dec 27, 2016 | F | 5,027 | $44.02 | D | 419,979 | D | |
| Common StockF5 | Dec 27, 2016 | S | 9,000 | $43.67 | D | 410,979 | D | |
| Common StockF6 | Dec 28, 2016 | S | 4,606 | $43.78 | D | 406,373 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option Right to BuyF7 | $11.40 | Dec 27, 2016 | M | 13,000 | D | — | Aug 20, 2017 | Common Stock | 13,000 | 91,000 | D |
Explanation of responses
- F1The acquisition of these shares, exercise of the underlying stock options (which will expire on August 20, 2017), and the sale of the shares were effected pursuant to a Rule 10b5-1 plan entered into by the reporting person on August 31, 2016 (the "Rule 10b5-1 Plan") that calls for sales on pre-determined dates.
- F2Represents shares of common stock withheld by the issuer in payment by the reporting person of the exercise price. This transaction is exempt under Rule 16b-3(e).
- F3Represents shares of common stock withheld by the issuer for tax purposes upon the exercise of stock options by the reporting person. This transaction is exempt under Rule 16b-3(e).
- F4The sale of the shares was done pursuant to the Rule 10b5-1 plan.
- F5This transaction was executed in multiple trades ranging from $43.23 to $44.09. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
- F6This transaction was executed in multiple trades ranging from $43.60 to $44.01. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
- F7This stock option award, which will expire on August 20, 2017, was granted on August 20, 2010, and vested and became exercisable with respect to 25% of the award on the first anniversary of the date of grant and thereafter with respect to an additional 2.5% of the award each month, with full vesting in 42 months.