SEC Form 4 · accession 0001185185-16-003633
AROTECH CORP · ARTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven D Esses
Officer — President and CEO · Director
Period of report
Feb 4, 2016
Accepted (ET)
Feb 9, 2016 · 4:07 pm EST
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 | Feb 4, 2016 | A | 100,000 | $0.00 | A | 1,199,513 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock, vesting one-third contingent on continued employment on December 31, 2016 and two-thirds contingent on continued employment on December 31, 2016 and on the achievement of future performance criteria.
- F2Includes 183,333 unvested restricted shares, the vesting of 33,333 of which is subject to future performance criteria, and 273,973 shares issued to a trust and to be held in such trust until such time as Mr. Esses shall be entitled to payment of his severance package.