SEC Form 4 · accession 0001094891-16-000383
CPI AEROSTRUCTURES INC · CVU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry Dean Stinson
Director
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 11:14 am 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 4, 2016 | A | 2,905 | $0.00 | A | 13,977 | 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 4, 2016 | A | 8,714 | A | — | — | Common Stock | 8,714 | 8,714 | 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 2,905, 2,905 and 2,904 on April 1, 2016, July 1, 2016 and October 3, 2016, respectively. Vested shares will be promptly delivered to the reporting person.