SEC Form 4 · accession 0000897101-18-000189
INTRICON CORP · IIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Longval
Officer — Chief Financial Officer
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 11:43 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000088790
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $7.05 | Mar 1, 2018 | A | 12,000 | A | — | Jul 25, 2027 | Common Stock | 12,000 | 12,000 | D |
Explanation of responses
- F1On July 26, 2017, the reporting person was granted an option to purchase 12,000 shares of common stock at the closing price of the common stock on that date. The option vests and becomes exercisable (which may be in whole or in part): (i) based on the Company's and the reporting person's satisfaction of certain performance criteria, as determined by the Compensation Committee, and (ii) in three equal annual installments beginning one year from the date that the conditions described in clause (i) are satisfied, or earlier upon the death, disability or retirement of the recipient or a change of control of the Company (as provided in the 2015 Equity Incentive Plan). On March 1, 2018, the Compensation Committee determined the extent to which the performance criteria were met.
Remarks
The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934 (as amended), the beneficial owner of any equity securities covered by this Statement, or (b) that this Statement is legally required to be filed by such person.