SEC Form 4 · accession 0001094891-16-000625
CPI AEROSTRUCTURES INC · CVU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Rosenfeld
Director
Period of report
Oct 3, 2016
Accepted (ET)
Oct 4, 2016 · 10:44 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 | Oct 3, 2016 | M | 3,788 | $0.00 | A | 192,067 | D | |
| Common StockF1 | holding | — | — | — | 510,270 | I | By Crescendo Partners II, L.P. Series L |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | Oct 3, 2016 | M | 3,788 | D | — | — | Common Stock | 3,788 | 0 | D |
Explanation of responses
- F1Mr. Rosenfeld is the senior managing member of Crescendo Investments II, LLC ("Crescendo Investments II"). Crescendo Investments II is the general partner of Crescendo Partners II, L.P. Series L ("Crescendo Partners II"). Mr. Rosenfeld and Crescendo Investments II disclaim beneficial ownership of the shares held by Crescendo Partners II, except to the extent of his or its pecuniary interest therein.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock of CPI Aerostructures, Inc.
- F3The restricted stock units vest in three equal installments of 3,788 on April 1, 2016, July 1, 2016 and October 3, 2016. Vested shares will be promptly delivered to the reporting person.