SEC Form 4 · accession 0001144204-17-031024
Clarus Corp · CLAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Warren B Kanders
Officer — EXECUTIVE CHAIRMAN · Director · 10% Owner
KANDERS GMP HOLDINGS LLC
10% Owner
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 4:23 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 | Jun 1, 2017 | A | 500,000 | $0.00 | A | 4,477,227 | D | |
| Common Stock | holding | — | — | — | 2,419,490 | I | Kanders GMP Holdings, LLC | |
| Common Stock | holding | — | — | — | 13,900 | I | As UTTMA custodian for children | |
| Common Stock | holding | — | — | — | 124,667 | I | As UTA trustee for spouse | |
| Common Stock | holding | — | — | — | 100,000 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Comprised of a restricted stock award granted under the Issuer's 2015 Stock Incentive Plan (the "Plan") consisting of 500,000 restricted shares of Common Stock of which (i) 250,000 shares will vest if on or before June 1, 2022, the Fair Market Value (as defined in the Plan) of the Company's Common Stock shall have equaled or exceeded $10.00 per share for twenty consecutive trading days; and (ii) 250,000 shares will vest if on or before June 1, 2022, the Fair Market Value (as defined in the Plan) of the Company's Common Stock shall have equaled or exceeded $12.00 per share for twenty consecutive trading days.
Remarks
Each of the Reporting Persons identified in this statement disclaims beneficial ownership of the securities described in this statement, except to the extent of their individual respective pecuniary interest in such securities.