SEC Form 4 · accession 0001140361-17-002219
FRANKLIN COVEY CO · FC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A Whitman
Officer — Chief Executive Officer · Director
Period of report
Jan 17, 2017
Accepted (ET)
Jan 18, 2017 · 6:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000886206
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stockF4,F2,F3 | Jan 17, 2017 | M | 62,500 | $9.00 | A | 265,471 | D | |
| common sharesF1 | Jan 17, 2017 | F | 42,442 | $17.35 | D | 223,029 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| employee stock option (right to buy) | $9.00 | Jan 17, 2017 | M | 62,500 | D | Jan 28, 2010 | Jan 28, 2020 | common stock | 62,500 | 0 | D |
Explanation of responses
- F1Represents shares of common stock sold to settle the cashless exercise of the warrants. All other shares acquired through this cashless exercise remain held by Mr. Whitman.
- F2The variance in the total is because of a misstatement in his total from previous Forms 4. The total was off by 5,108 shares and is now reflected correctly in the total amount.
- F3Increased shares owned by 20,058.
- F4Mr. Whitman still has 437,500 fully vested, in-the-money, options to exercise.