SEC Form 4 · accession 0000930413-17-000014
WIRELESS TELECOM GROUP INC · WTT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Kandell
Officer — Chief Financial Officer
Period of report
Jan 2, 2017
Accepted (ET)
Jan 3, 2017 · 8:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000878828
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1,F2 | $1.91 | Jan 2, 2017 | A | 100,000 | A | — | Jan 2, 2027 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1These options were granted to the reporting person in connection with his service as Chief Financial Officer of the Company.
- F2These shares will vest in equal annual increments over a four-year period. One-quarter will vest on January 2, 2018, one-quarter will vest on January 2, 2019, one-quarter will vest on January 2, 2020 and one-quarter will vest January 2, 2021. These shares will also vest upon change of control as defined in the grantee's stock option agreement.