SEC Form 4 · accession 0001144204-18-049345
Clarus Corp · CLAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Warren B Kanders
Officer — Executive Chairman · Director · 10% Owner
Period of report
Sep 11, 2018
Accepted (ET)
Sep 13, 2018 · 4:15 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 | Sep 11, 2018 | A | 250,000 | $10.88 | A | 4,727,227 | D | |
| Common StockF2 | Sep 11, 2018 | F | 101,339 | $10.88 | D | 4,625,888 | D | |
| Common Stock | holding | — | — | — | 13,900 | I | As UTMA 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
- F1250,000 shares of Common Stock vested and became nonforfeitable on September 11, 2018 pursuant to a restricted stock award (the "Restricted Stock Award") previously granted to the Reporting Person on June 1, 2017 under the Issuer's 2015 Stock Incentive Plan (the "Plan") that vested upon the Fair Market Value (as defined in the Plan) of the Common Stock equaling or exceeding $10.00 per share for twenty consecutive trading days.
- F2Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligations incurred by the vesting on September 11, 2018 of the Restricted Stock Award.
Remarks
The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities.