SEC Form 4 · accession 0001437749-15-022035
TUCOWS INC /PA/ · TCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Derrick Schafer
Officer — EVP Retail
Period of report
Dec 8, 2015
Accepted (ET)
Dec 10, 2015 · 9:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000909494
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 8, 2015 | M | 32,000 | $2.80 | A | 32,025 | D | |
| Common Stock | Dec 8, 2015 | F | 10,791 | $23.52 | D | 21,234 | D | |
| Common Stock | Dec 8, 2015 | M | 8,750 | $2.92 | A | 29,984 | D | |
| Common Stock | Dec 8, 2015 | F | 2,984 | $23.52 | D | 27,000 | D | |
| Common Stock | Dec 8, 2015 | M | 5,625 | $5.52 | A | 32,625 | D | |
| Common Stock | Dec 8, 2015 | F | 2,386 | $23.52 | D | 30,239 | D | |
| Common Stock | Dec 8, 2015 | M | 3,125 | $5.76 | A | 33,364 | D | |
| Common Stock | Dec 8, 2015 | F | 1,350 | $23.52 | D | 32,014 | D | |
| Common Stock | Dec 8, 2015 | M | 3,125 | $10.16 | A | 35,139 | D | |
| Common Stock | Dec 8, 2015 | F | 1,790 | $23.52 | D | 33,349 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy common stock)F1 | $2.80 | Dec 8, 2015 | M | 32,000 | D | — | May 16, 2017 | Common Stock | 32,000 | 0 | D |
| Stock Option (right to buy common stock)F2 | $2.92 | Dec 8, 2015 | M | 8,750 | D | — | Aug 14, 2018 | Common Stock | 8,750 | 0 | D |
| Stock Option (right to buy common stock)F3 | $5.52 | Dec 8, 2015 | M | 5,625 | D | — | May 17, 2019 | Common Stock | 5,625 | 0 | D |
| Stock Option (right to buy common stock)F4 | $5.76 | Dec 8, 2015 | M | 3,125 | D | — | Dec 31, 2019 | Common Stock | 3,125 | 0 | D |
| Stock Option (right to buy common stock)F5 | $10.16 | Dec 8, 2015 | M | 3,125 | D | — | Nov 10, 2020 | Common Stock | 3,125 | 0 | D |
Explanation of responses
- F1Stock options granted under the 2006 Equity Compensation Plan. The options (32,000 in the original grant) vested in four annual installments of 25% each beginning on the first anniversary of the grant date (May 17, 2010).
- F2Stock options granted under the 2006 Equity Compensation Plan. The options (8,750 in the original grant) vested in four annual installments of 25% each beginning on the first anniversary of the grant date (August 15, 2011).
- F3Stock options granted under the 2006 Equity Compensation Plan. The options (7,500 in the original grant) vest in four annual installments of 25% each beginning on the first anniversary of the grant date (May 18, 2012).
- F4Stock options granted under the 2006 Equity Compensation Plan. The options (6,250 in the original grant) vest in four annual installments of 25% each beginning on the first anniversary of the grant date (January 1, 2013).
- F5Stock options granted under the 2006 Equity Compensation Plan. The options (6,250 in the original grant) vest in four annual installments of 25% each beginning on the first anniversary of the grant date (November 11, 2013).