SEC Form 4 · accession 0000892712-15-000360
ARI NETWORK SERVICES INC /WI · ARIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy W Olivier
Officer — President and CEO · Director
Period of report
Mar 4, 2015
Accepted (ET)
Mar 6, 2015 · 6:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000879796
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 StockF1 | — | Mar 4, 2015 | A | 110,000 | A | — | Mar 4, 2019 | Common Stock | 110,000 | 110,000 | D |
Explanation of responses
- F130% of the shares of restricted stock vest at a target 30-day volume-weighted average price per share ("VWAP") of ARI Network Services, Inc.'s common stock of $6.00; 20% of the shares of restricted stock vest at a target VWAP of $7.00; 20% of the shares of restricted stock vest at a target VWAP of $8.00; and 30% of the shares of restricted stock vest at a target VWAP of $9.00