SEC Form 4 · accession 0001094891-15-000010
CPI AEROSTRUCTURES INC · CVU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth McSweeney
Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 5, 2015 · 3:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000889348
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 2, 2015 | A | 1,230 | $0.00 | A | 25,510 | 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 UnitF1,F2 | — | Jan 2, 2015 | A | 3,692 | A | — | — | Common Stock | 3,692 | 3,692 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock of CPI Aerostructures, Inc.
- F2The restricted stock units vest in three installments of 1,230, 1,231 and 1,231 on April 1, 2015; July 1, 2015 and October 1, 2015, respectively. Upon vesting the shares shall be promptly delivered to the reporting person.