SEC Form 4 · accession 0000921895-18-002725
Steel Connect LLC · STCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis J Belardi
Officer — CFO and Executive VP
Period of report
Oct 4, 2018
Accepted (ET)
Oct 9, 2018 · 4:29 pm EDT
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 | Oct 4, 2018 | M | 329,949 | — | A | 329,949 | D | |
| Common StockF3 | Oct 4, 2018 | F | 97,170 | $2.15 | D | 232,779 | D |
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,F4 | — | Oct 4, 2018 | M | 329,949 | D | — | — | Common Stock | 329,949 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- F2This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
- F3Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of Restricted Stock Units. No shares were sold.
- F4On October 4, 2017, the Registrant was granted 329,949 Restricted Stock Units. As to this grant, 100% of the Restricted Stock Units vested on October 4, 2018.