SEC Form 4 · accession 0001206774-15-003543
DAEGIS INC. · DAEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy P Bacci
Officer — CEO · Director
Period of report
Nov 23, 2015
Accepted (ET)
Nov 23, 2015 · 4:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000880562
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | May 19, 2014 | J | 3,353 | — | D | 534 | D | |
| Common Stock | Nov 23, 2015 | U | 534 | $0.82 | D | 0 | D | |
| Common StockF3 | Nov 23, 2015 | U | 3,183,190 | $0.82 | D | 0 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4 | $0.72 | Nov 23, 2015 | D | 655,378 | D | — | Dec 10, 2024 | Common Stock | 655,378 | 0 | D |
Explanation of responses
- F1These shares were escheated to the State of California on May 19, 2014.
- F2Not applicable to escheated shares.
- F3Mr. Bacci beneficially owned 3,183,190 shares of common stock by reason of a direct ownership interest in BlueLine Partners, LLC.
- F4This option granted 12/10/2014 pursuant to the 2010 Stock Option Plan with 50% vesting on 12/10/2015 and the remainder vesting monthly as to 1/48th of the subject shares upon completion of each full month of continuous employment with Daegis Inc. Option was canceled in the merger in exchange for a cash payment of $65,537.80, representing the difference between the exercise price of the option and the merger consideration of $0.82 per share.