SEC Form 4 · accession 0000919574-16-015289
PERCEPTRON INC/MI · PRCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F. Bryant
Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 5:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887226
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (Right to Buy)F1,F2 | $6.46 | Sep 1, 2016 | A | 8,000 | A | — | — | Common Stock, $0.01 par value | 8,000 | 8,000 | D |
Explanation of responses
- F1On September 1, 2016, the reporting person was granted an option to purchase 8,000 shares of Common Stock under the issuer's First Amended and Restated 2004 Stock Incentive Plan. The options have a three-year vesting schedule whereby one-third of the options vest and are exercisable on or after September 1, 2017, one-third of the options vest and are exercisable on or after September 1, 2018, and the final one-third of the options vest and are exercisable on or after September 1, 2019, subject to accelerated vesting upon the occurrence of certain changes in control of the issuer.
- F2The options are exercisable for a period of ten years from September 1, 2016, the date of the grant, unless earlier terminated due to the termination of the reporting person's service as a director of the issuer.