SEC Form 4 · accession 0000880984-17-000004
ACORN ENERGY, INC. · ACFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edgar S Woolard Jr.
Director
Period of report
Jan 1, 2017
Accepted (ET)
Jan 4, 2017 · 4:29 pm EST
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 stockF1,F2 | Jan 1, 2017 | A | 94,444 | — | A | 748,444 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stock optionsF3,F4,F5 | $0.18 | Jan 1, 2017 | A | 10,000 | A | — | — | common stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Awarded in lieu of cash fees for service on the issuer's Board of Directors.
- F294,444 shares were granted in lieu of $17,000 in cash fees, based on the closing price of the stock on the OTCQB on December 30, 2016 of $0.18.
- F3Granted pursuant to the issuer's 2006 Stock Incentive Plan in connection with the reporting person's service on the Board of Directors.
- F4One-fourth of the options are immediately exercisable; an additional one-fourth become exercisable on each of 4/1/17, 7/1/17 and 10/1/17.
- F5Options expire upon the earlier of (a) 1/1/24 or (b) 18 months from the date the reporting person ceases to be a director, officer, employee or consultant.