SEC Form 4 · accession 0001209191-16-123213
NUMEREX CORP /PA/ · NMRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stratton J Nicolaines
Director
Period of report
May 16, 2016
Accepted (ET)
May 25, 2016 · 4:20 pm EDT
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 StockF1 | May 16, 2015 | F | 1,551 | $9.00 | D | 136,535 | D | |
| Common StockF1 | May 16, 2016 | F | 1,880 | $7.40 | D | 139,734 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Nicolaides was granted 19,000 restricted stock units on May 16, 2014. Each restricted stock unit represents a contingent right to receive one share of Numerex Corp Common Stock (NMRX). The restricted stock units vest in four equal annual installments beginning on the first anniversary of the grant date. The closing share price of the company's stock on the date of grant was $10.95.