SEC Form 4 · accession 0001144204-16-111696
Clarus Corp · CLAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Kuehne
Officer — CHIEF ADMIN OFFICER AND CFO
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 4:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000913277
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 per share ("Common Stock")F1 | Jul 1, 2016 | A | 100,000 | $0.00 | A | 12,817 | D | |
| Common Stock | holding | — | — | — | 1,991 | I | By Spouse |
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 purchase)F2 | $4.38 | Jul 1, 2016 | A | 125,000 | A | — | Jul 1, 2026 | Common Stock | 125,000 | 0 | D |
Explanation of responses
- F1Comprised of a restricted stock award granted under the Issuer's 2015 Stock Incentive Plan (the "Plan") consisting of 100,000 restricted shares of Common Stock all of which will vest if on or before July 1, 2020, the Fair Market Value (as defined in the Plan) of the Company's Common Stock shall have equaled or exceeded $15.00 per share for twenty consecutive trading days.
- F2The option to purchase shares of the Issuer's Common Stock was granted under the Plan. Options to purchase 41,667 shares of Common Stock shall vest and become exercisable on each of July 1, 2017 and July 1, 2018, and options to purchase 41,666 shares of Common Stock shall vest and become exercisable on July 1, 2019.