SEC Form 4 · accession 0000880984-16-000018
ACORN ENERGY, INC. · ACFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher E Clouser
Director
Period of report
Sep 12, 2016
Accepted (ET)
Sep 13, 2016 · 1:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000880984
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stock optionsF1,F2,F3 | $0.19 | Sep 12, 2016 | A | 15,000 | A | — | — | common stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Granted pursuant to the issuer's 2006 Stock Incentive Plan in connection with the reporting person's service as Chairman of the Board of Directors.
- F2One-fourth of the options are immediately exercisable; an additional one-fourth become exercisable on each of 12/12/16, 3/12/17 and 6/12/17.
- F3Options expire upon the earlier of (a) 9/12/23 or (b) 18 months from the date the reporting person ceases to be a director, officer, employee or consultant.