SEC Form 4 · accession 0000950117-18-000212
WIRELESS TELECOM GROUP INC · WTT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell H Herbets
Director
Period of report
Jun 5, 2018
Accepted (ET)
Jun 7, 2018 · 6:00 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 StockF1,F2 | Jun 5, 2018 | A | 25,000 | $0.00 | A | 107,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Transaction represents grant of Restricted Stock Units (RSUs) in a transaction exempt under Rule 16b-3(d). On June 5, 2018, the Reporting Person was granted 25,000 RSUs which vest on the day before the first anniversary of the grant date (the "Vesting Date"), provided that the Reporting Person's service as a director of the Company continues to such date. Each RSU represents the contingent right to receive, at settlement, one share of Wireless Telecom Group (WTT) Common Stock subject to vesting of said unit. Settlement will occur within 30 days of the earlier of three years from the grant date, the date of the reporting person's separation from service (assuming vesting) or a change in control (assuming vesting).
- F2Of the reported securities, 25,000 are represented by RSUs and 80,000 are shares of restricted stock.