SEC Form 4 · accession 0001094891-15-000149
CPI AEROSTRUCTURES INC · CVU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harvey J Bazaar
Director
Period of report
Mar 31, 2015
Accepted (ET)
Apr 2, 2015 · 11:24 am EDT
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 | Mar 31, 2015 | M | 25,000 | $8.00 | A | 42,768 | D | |
| Common Stock | Mar 31, 2015 | F | 16,314 | $12.26 | D | 26,454 | D | |
| Common StockF1 | Apr 1, 2015 | M | 2,768 | — | A | 29,222 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common Stock | $8.00 | Mar 31, 2015 | M | 25,000 | D | Apr 1, 2010 | Mar 31, 2015 | Common Stock | 25,000 | 0 | D |
| Restricted Stock UnitF1,F2 | — | Apr 1, 2015 | M | 2,768 | D | — | — | Common Stock | 2,768 | 8,304 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2On January 2, 2015, the reporting person was granted 8,304 restricted stock units vesting in three equal installments of 2,768 on April 1, 2015, July 1, 2015 and October 1, 2015. Vested shares will be promptly delivered to the reporting person.