SEC Form 4 · accession 0001209191-16-123239
NUMEREX CORP /PA/ · NMRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth L Gayron
Officer — Chief Financial Officer
Period of report
May 19, 2016
Accepted (ET)
May 25, 2016 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000870753
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | May 19, 2016 | A | 47,910 | A | May 19, 2017 | May 19, 2020 | Common Stock | 47,910 | 47,910 | D |
| NQ Stock OptionsF3 | $7.26 | May 19, 2016 | A | 96,600 | A | May 19, 2017 | May 19, 2026 | Common Stock | 96,600 | 96,600 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Numerex Corp Common Stock (NMRX). The closing share price of the company's stock on the date of grant was $7.26
- F2The restricted stock units vest in four equal annual installments beginning on the first anniversary of the grant date.
- F3The non-qualified stock option vests in four equal annual installments beginning on the first anniversary of the grant date.