SEC Form 4/A · accession 0000892712-17-000653
ARI NETWORK SERVICES INC /WI · ARIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Robert Ostermann
Officer — Chief Technology Officer
Period of report
Jun 21, 2017
Accepted (ET)
Aug 25, 2017 · 3:54 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 | 59,067 | D | |
| Common StockF1 | Jul 10, 2017 | F | 12,321 | $6.99 | D | 46,746 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF2,F3 | — | Jun 21, 2017 | M | 33,000 | D | — | Mar 5, 2019 | Common Stock | 33,000 | 77,000 | D |
Explanation of responses
- F1Amended to properly reflect the number and price of shares withheld in respect of tax withholding, and the resulting number of shares beneficially owned by the reporting person.
- F2Shares of restricted stock, which vest as described in footnote (3), were initially reported on Table I of reporting person's Form 3 on November 3, 2016.
- F322,000 shares of restricted stock vest at a target 30-day volume-weighted average price per shares ("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.