SEC Form 4 · accession 0001185185-17-000168
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
Jan 30, 2017
Accepted (ET)
Feb 1, 2017 · 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 | Jan 31, 2017 | M | 20,000 | $0.00 | A | 335,026 | D | |
| Common StockF2 | Jan 30, 2017 | F | 4,300 | $4.1148 | D | 330,726 | 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 UnitsF4 | $0.00 | Jan 30, 2017 | M | 20,000 | D | Jan 1, 2017 | Dec 31, 2026 | Common Stock | 20,000 | 60,000 | D |
Explanation of responses
- F1Issuance of shares upon vesting of restricted stock units.
- F2Does not include 60,000 unvested restricted stock units, the vesting of 40,000 of which is subject to future performance criteria.
- F3Sale of shares in order to pay tax on vested restricted stock units.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock.
- F5Removal of restrictions and issuance of stock on 01/30/2017 due to vesting of restricted stock units.