SEC Form 4 · accession 0000921895-17-000033
Steel Connect LLC · STCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glen M Kassan
Director · Other
Period of report
Jan 3, 2017
Accepted (ET)
Jan 4, 2017 · 6:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000914712
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 3, 2017 | A | 49,382 | $0.00 | A | 146,455 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired are shares of restricted stock automatically awarded on January 3, 2017 pursuant to the ModusLink Global Solutions, Inc. Fourth Amended and Restated Director Compensation Plan, as amended. Except as otherwise provided in the plan, the shares of restricted stock vest on the first anniversary of the date of grant, provided that the reporting person remains a director of ModusLink Global Solutions, Inc. (the "Issuer") on such vesting date.
- F2The reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer owned directly by the other members of the Section 13(d) group except to the extent of his pecuniary interest therein.
Remarks
Exhibit 24 - Power of Attorney