SEC Form 4 · accession 0001140361-15-002740
ELECSYS CORP · ESYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Osheim
Officer — Vice President - Sales
Period of report
Jan 22, 2015
Accepted (ET)
Jan 26, 2015 · 4:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000914398
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $11.83 | Jan 22, 2015 | D | 10,000 | D | — | Dec 11, 2013 | Common Stock | 10,000 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $12.44 | Jan 22, 2015 | D | 5,000 | D | — | May 23, 2024 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1This option, which provided for vesting in three equal annual installments beginning December 11, 2014, was cancelled in the merger in exchange for a cash payment of $56,700, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.
- F2This option, which provided for vesting in three equal annual installments beginning May 23, 2015, was cancelled in the merger in exchange for a cash payment of $25,300, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.