SEC Form 4 · accession 0001181431-15-002624
CYNOSURE INC · CYNO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Davin
Officer — Chairman and CEO · Director
Period of report
Feb 13, 2015
Accepted (ET)
Feb 17, 2015 · 4:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000885306
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Feb 13, 2015 | M | 1,970 | $0.00 | A | 10,066 | D | |
| Class A Common StockF1,F5,F2 | Feb 13, 2015 | F | 938 | $31.2542 | D | 9,128 | 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 UnitsF3,F4 | — | Feb 13, 2015 | M | 1,970 | D | — | — | Class A Common Stock | 1,970 | 15,760 | D |
Explanation of responses
- F1On February 13, 2015, 1,970 shares that were acquired by the reporting person pursuant to the award of restricted stock units on February 13, 2014 vested and were paid to the reporting person. 938 of these 1,970 shares were withheld to pay the resulting tax liability.
- F2The number of shares include (a) 5,000 shares of Cynosure class A common stock held in a family trust, plus (b) 1,970 shares that were paid to the reporting person on May 13, 2014 upon vesting of restricted stock units awarded on February 13, 2014, less (c) 939 shares withheld to pay the resulting tax liability, plus (d) 1,970 shares that were paid to the reporting person on August 13, 2014 upon vesting of restricted stock units awarded on February 13, 2014, less (e) 939 shares withheld to pay the resulting tax liability, plus (f) 1,970 shares that were paid to the reporting person on November 13, 2014 upon vesting of restricted stock units awarded on February 13, 2014, less (g) 936 shares withheld to pay the resulting tax liability, plus (h) 1,970 shares that were paid to the reporting person on February 13, 2015 upon vesting of restricted stock units awarded on February 13, 2014, less (i) 938 shares withheld to pay the resulting tax liability.
- F3Each restricted stock unit represents the contingent right to receive one share of the issuer's Class A common stock.
- F4The restricted stock units are scheduled to vest as follows: 7,880 shares on February 13, 2016 and 7,880 shares on February 13, 2017.
- F5The sales price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $31.24 to $31.30 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.