SEC Form 4 · accession 0000880984-17-000005
ACORN ENERGY, INC. · ACFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jan H Loeb
Officer — President and CEO · Director
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 2:58 pm EST
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 | $0.36 | Feb 21, 2017 | A | 35,000 | A | — | — | common stock | 35,000 | 35,000 | D |
Explanation of responses
- F1Granted pursuant to the terms of a consulting agreement between the reporting person and the issuer.
- F2One-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.
- F3Options expire upon the earlier of (a) 1/8/24 or (b) 18 months from the date the reporting person ceases to be a director, officer, employee or consultant.