SEC Form 4 · accession 0001654910-16-000002
PERCEPTRON INC/MI · PRCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Richard Marz
Officer — Chairman, President & CEO · Director
Period of report
Feb 2, 2016
Accepted (ET)
Feb 4, 2016 · 5:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887226
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 2, 2016 | A | 25,000 | $0.00 | A | 107,148 | 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)F2 | $6.41 | Feb 2, 2016 | A | 100,000 | A | — | Feb 2, 2026 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1On February 2, 2016 the reporting person was granted 25,000 shares of Common Stock under the 2004 Stock Incentive Plan, an exempt plan. The shares will vest (i) 75% upon the earlier of the effective date of the appointment of a new Chief Executive Officer or August 31, 2016, and (ii) 25% on the one year anniversary of the first vesting date.
- F2On February 2, 2016 the reporting person was granted an option to purchase 100,000 shares of Common Stock under the 2004 Stock Incentive Plan, an exempt plan. The options become exercisable (i) 75% upon the earlier of the effective date of the appointment of a new Chief Executive Officer or August 31, 2016, and (ii) 25% on the one year anniversary of the first vesting date.