SEC Form 4 · accession 0001094891-18-000090
CPI AEROSTRUCTURES INC · CVU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas McCrosson
Officer — President, CEO · Director
Period of report
Mar 22, 2018
Accepted (ET)
Mar 26, 2018 · 9:26 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 StockF1 | Mar 22, 2018 | D | 9,523 | $0.00 | D | 105,074 | D | |
| Common StockF2 | Mar 22, 2018 | F | 3,152 | $8.20 | D | 101,922 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the forfeiture of performance-based restricted stock originally granted to the reporting person on March 1, 2017, which were eligible to vest based on certian financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On March 22, 2018, the Company determined that, based on the Company's performance over the applicable performance period, 4,324 shares would be forfeited.
- F2Represents shares withheld to satisfy tax obligations.