SEC Form 4 · accession 0001140361-18-021362
ABAXIS INC · ABAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig Tockman
Officer — VP-Sales & Mktg, Animal Health
Period of report
Apr 30, 2018
Accepted (ET)
May 2, 2018 · 7:32 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 | Apr 30, 2018 | M | 6,300 | $0.00 | A | 15,680 | D | |
| Common Stock | Apr 30, 2018 | F | 2,179 | $0.00 | D | 13,501 | D | |
| Common Stock | Apr 30, 2018 | M | 4,000 | $0.00 | A | 17,501 | D | |
| Common Stock | Apr 30, 2018 | F | 1,384 | $0.00 | D | 16,117 | D | |
| Common Stock | Apr 30, 2018 | M | 4,000 | $0.00 | A | 20,117 | D | |
| Common Stock | Apr 30, 2018 | F | 1,851 | $0.00 | D | 18,266 | 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 | Apr 30, 2018 | A | 9,000 | A | Apr 30, 2019 | — | Common Stock | 9,000 | 9,000 | D |
| Performance Restricted Stock UnitsF1,F4,F3 | $0.00 | Apr 30, 2018 | A | 16,000 | A | Apr 30, 2021 | — | Common Stock | 16,000 | 16,000 | D |
| Restricted Stock UnitsF1,F5,F3 | $0.00 | Apr 30, 2018 | M | 6,300 | D | Apr 28, 2018 | — | Common Stock | 6,300 | 0 | D |
| Performance Restricted Stock UnitsF1,F6,F3 | $0.00 | Apr 30, 2018 | M | 4,000 | D | Apr 28, 2018 | — | Common Stock | 4,000 | 0 | D |
| Performance Restricted Stock UnitsF1,F7,F3 | $0.00 | Apr 30, 2018 | M | 4,000 | D | Apr 28, 2018 | — | Common Stock | 4,000 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Abaxis common stock.
- F2Granted under the Abaxis 2014 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.
- F4Granted under the Abaxis 2014 Equity Incentive Plan. Performance restricted stock units vest based on achievement of income from continuing operations before income tax provision in excess of 95% of target for fiscal 2019 and based on time vesting of 50% on April 30, 2021 and 50% on April 30, 2022.
- F5Granted 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.
- F6Granted under the Abaxis 2005 Equity Incentive Plan. Performance restricted stock units vest based on achievement of income from operations in excess of 90% of target for fiscal 2015 and based on time vesting of 50% on April 28, 2017 and 50% on April 28, 2018.
- F7Granted under the Abaxis 2005 Equity Incentive Plan. Performance restricted stock units vest based on achievement of income from operations in excess of 100% of target for fiscal 2015 and based on time vesting of 50% on April 28, 2017 and 50% on April 28, 2018.