SEC Form 4 · accession 0000930413-16-007346
WIRELESS TELECOM GROUP INC · WTT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Don Carlos Bell III
Director
Period of report
Jun 8, 2016
Accepted (ET)
Jun 10, 2016 · 3:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000878828
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | Jun 8, 2016 | A | 30,000 | $0.00 | A | 70,000 | D | |
| Common Stock, par value $0.01 per shareF4 | holding | — | — | — | 15,000 | I | See Footnote | |
| Common Stock, par value $0.01 per shareF5 | holding | — | — | — | 15,000 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2,F3 | $1.33 | Jun 8, 2016 | A | 70,000 | A | — | Jun 8, 2026 | Common Stock | 70,000 | 70,000 | D |
Explanation of responses
- F1On June 8, 2016, the Reporting Person was granted 30,000 shares of restricted common stock, par value $0.01 per share, of the Company in connection with his service as a director of the Company. These shares will vest on the date of the Company's next annual meeting of shareholders to be held in 2017 (the "Vesting Date"), or upon change of control, provided that the Reporting Person's service as a director of the Company continues through the vesting date.
- F2These options were granted to the reporting person in connection with his service as a director of the Company.
- F3These shares will vest on the Vesting Date, or upon change of control, provided that the Reporting Person's service as a director of the Company continues through such date.
- F4These shares are owned directly by The 2012 DCB Southwestern Irrevocable Trust, of which reporting person is the beneficial owner.
- F5These shares are owned directly by The Amsler Young Priddy Irrevocable Trust, of which Reporting Person's spouse is the beneficial owner.