SEC Form 4 · accession 0001185185-16-003824
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
Mar 2, 2016
Accepted (ET)
Mar 3, 2016 · 4:03 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 Stock | Mar 2, 2016 | F | 4,800 | $2.76 | D | 315,626 | D | |
| Common Stock | Mar 2, 2016 | F | 600 | $2.7601 | D | 315,026 | 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 | $0.00 | holding | — | — | — | Dec 31, 2016 | Feb 4, 2026 | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1Sale of shares in order to pay tax on vested restricted stock units.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock.
- F3Of these restricted stock units, 40,000 vest on the basis of future performance criteria.