SEC Form 4 · accession 0000921895-17-002383
Steel Connect LLC · STCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R Henderson
Officer — President and CEO
Period of report
Oct 4, 2017
Accepted (ET)
Oct 6, 2017 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000914712
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Oct 4, 2017 | A | 609,137 | A | — | — | Common Stock | 609,137 | 609,137 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- F2One hundred percent (100%) of the RSUs are scheduled to vest on the earlier of (a) the one (1) year anniversary of October 4, 2017, subject to the Reporting Person's continuing employment or services through such date or (b) the Reporting Person's death, disability or involuntary separation from service with the Company other than for cause.