SEC Form 4 · accession 0000880984-16-000009
ACORN ENERGY, INC. · ACFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mannie L Jackson
Director
Period of report
Jan 15, 2016
Accepted (ET)
May 11, 2016 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000880984
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stock | May 3, 2016 | C | 465,587 | $0.247 | A | 555,587 | D | |
| common stock | holding | — | — | — | 88,100 | I | by trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| convertible promissory noteF1 | — | Jan 15, 2016 | P | — | A | — | — | common stock | — | — | D |
| convertible promissory noteF2 | $0.247 | May 3, 2016 | C | — | D | May 3, 2016 | May 3, 2016 | common stock | 465,587 | 0 | D |
Explanation of responses
- F1The convertible promissory note was convertible into shares of the issuer's common stock at a conversion price equal to the closing price of the issuer's common stock on the trading day immediately preceding the earlier of (i) the third business day following the date of receipt by the issuer of proceeds from its sale of a portion of its shares in its DSIT Solutions Ltd. subsidiary or (ii) September 1, 2016.
- F2May 3, 2016 was the third business day following the date of receipt by the issuer of proceeds from its sale of a portion of its shares of its DSIT Solutions Ltd. subsidiary.