SEC Form 4 · accession 0000916529-19-000035
AROTECH CORP · ARTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dean M Krutty
Officer — President and CEO
Period of report
Mar 8, 2019
Accepted (ET)
Mar 12, 2019 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000916529
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 8, 2019 | M | 43,333 | $0.00 | A | 167,305 | 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 UnitsF3 | $0.00 | Mar 8, 2019 | M | 43,333 | D | Jan 1, 2018 | Dec 31, 2027 | Common Stock | 43,333 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Mar 8, 2019 | A | 65,000 | A | Mar 8, 2019 | Dec 31, 2028 | Common Stock | 65,000 | 65,000 | D |
Explanation of responses
- F1Issuance of shares upon vesting of 65,000 out of 75,000 restricted stock units (43,333 net of taxes), with the remaining 10,000 unearned restricted stock units being cancelled.
- F2Does not include 65,000 unvested restricted stock units, the vesting of 43,333 of which is subject to future performance criteria.
- F3Each restricted stock unit represents a contingent right to receive one share of common stock.
- F4Removal of restrictions and issuance of 43,333 shares of stock on 03/08/2019 due to vesting of 65,000 out of 75,000 restricted stock units (43,333 net of taxes), with the remaining 10,000 unearned restricted stock units being cancelled.
- F5Award of restricted stock units, vesting 1/3 on continued employment (1/9 vesting at the end of each year over three years) and 2/3 on multi-year performance criteria.