SEC Form 4 · accession 0000892712-17-000587
ARI NETWORK SERVICES INC /WI · ARIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Ostermann
Officer — Chief Technology Officer
Period of report
Aug 3, 2017
Accepted (ET)
Aug 7, 2017 · 6:31 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 | Aug 3, 2017 | M | 22,000 | $0.00 | A | 65,594 | D | |
| Common Stock | Aug 3, 2017 | F | 8,268 | $7.05 | D | 57,326 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF1 | — | Aug 3, 2017 | M | 22,000 | D | — | Mar 5, 2019 | Common Stock | 22,000 | 55,000 | 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 $8.00 and 33,000 shares of restricted stock vest at a target VWAP of $9.00.