SEC Form 4 · accession 0001415889-17-000082
NUMEREX CORP /PA/ · NMRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelly H Gay
Officer — CHIEF OPERATING OFFICER
Period of report
Jan 11, 2017
Accepted (ET)
Jan 13, 2017 · 2:22 pm EST
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 | Jan 11, 2017 | A | 25,000 | A | Jan 11, 2018 | Jan 11, 2021 | Common Stock | 25,000 | 0 | D |
| NQ Stock OptionsF3 | $7.18 | Jan 11, 2017 | A | 25,000 | A | Jan 11, 2018 | Jan 11, 2027 | Common Stock | 25,000 | 0 | 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 $7.18.
- 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.