SEC Form 4 · accession 0000892712-17-000549
ARI NETWORK SERVICES INC /WI · ARIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Roy W Olivier
Officer — President and CEO · Director
Period of report
Jun 21, 2017
Accepted (ET)
Jul 12, 2017 · 2:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000879796
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 21, 2017 | M | 33,000 | $0.00 | A | 281,746 | D | |
| Common Stock | Jul 10, 2017 | F | 13,303 | $0.00 | D | 268,443 | D | |
| Common Stock | holding | — | — | — | 13,246 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF1 | — | Jun 21, 2017 | M | 33,000 | D | — | Mar 4, 2019 | Common Stock | 33,000 | 77,000 | D |
Explanation of responses
- F122,000 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 $7.00; 22,000 shares of restricted stock vest at a target VWAP of $8.00; and 33,000 shares of restricted stock vest at a target VWAP of $9.00.