SEC Form 4 · accession 0001388670-16-000034
Everforth Inc · EFOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael McGowan
Officer — COO, OAI; Pres, OGR
Period of report
Jun 9, 2016
Accepted (ET)
Jun 13, 2016 · 6:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000890564
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 9, 2016 | F | 8,504 | $38.0075 | D | 162,313 | D | |
| Common Stock | Jun 9, 2016 | M | 13,771 | $12.90 | A | 176,084 | D | |
| Common Stock | holding | — | — | — | 60,504 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2 | $12.90 | Jun 9, 2016 | M | 13,771 | D | Jan 31, 2008 | Jan 31, 2017 | Common Stock | 13,771 | 106,229 | D |
Explanation of responses
- F1Executive officer elected to satisfy exercise price and tax withholding obligations upon the exercise of his stock options by selling exercised shares on the open market equal to that of the executive officer's exercise price and tax liability.The $38.007497 share price is a weighted average of numerous open market trades made at prices ranging from $37.98 to $38.03.
- F2One- fourth of this option grant effective January 31, 2007 vested on January 31, 2008 and one forty-eighth of the grant vested thereafter on each monthly anniversary of the grant date until fully vested.