SEC Form 4 · accession 0001185185-16-003635
AROTECH CORP · ARTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Paup
Officer — Senior VP - Finance and CFO
Period of report
Feb 4, 2016
Accepted (ET)
Feb 9, 2016 · 4:08 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 StockF1 | holding | — | — | — | 300,426 | 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 UnitsF2,F3,F4 | $0.00 | Feb 4, 2016 | A | 60,000 | A | Dec 31, 2016 | Feb 4, 2026 | Common Stock | 60,000 | 80,000 | D |
Explanation of responses
- F1Does not include 20,000 restricted stock units that were earned but not yet issued as of December 31, 2015.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock.
- F3Restricted stock units, 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.
- F4Of these restricted stock units, 40,000 vest on the basis of future performance criteria. Includes 20,000 restricted stock units that were earned but not yet issued as of December 31, 2015.