SEC Form 4 · accession 0001209191-15-078714
NUMEREX CORP /PA/ · NMRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stratton J Nicolaines
Director
Period of report
Nov 4, 2015
Accepted (ET)
Nov 5, 2015 · 4:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000870753
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 4, 2015 | M | 25,000 | $4.75 | A | 160,136 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1,F2 | $4.75 | Nov 4, 2015 | M | 25,000 | D | Jan 3, 2007 | Jan 3, 2016 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1The option included market exercise conditions in which the option could not be exercised unless the closing price of the Numerex Corp. common stock exceeded a minimum value ranging from $5.70 to $7.24.
- F2Options vest at the cumulative rate of 25% per year, commencing one year from the date of grant.