SEC Form 4 · accession 0001140361-16-084227
ABAXIS INC · ABAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig Tockman
Officer — VP,Sales&MarketingAnimalHealth
Period of report
Oct 27, 2016
Accepted (ET)
Oct 31, 2016 · 6:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000881890
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 27, 2016 | M | 750 | $0.00 | A | 3,089 | D | |
| Common Stock | Oct 27, 2016 | F | 282 | $0.00 | D | 2,807 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | $0.00 | Oct 27, 2016 | M | 750 | D | Oct 23, 2016 | — | Common Stock | 750 | 3,500 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Abaxis common stock.
- F2Granted under the Abaxis 2005 Equity Incentive Plan. Restricted Stock Units vest as to 5% after the first year; then vest as to 10% after the second year; then vest as to 15% after the third year; and the remaining 70% after the fourth year.
- F3Not applicable.