SEC Form 4 · accession 0000918581-16-000157
CMTSU Liquidation, Inc. · CBRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tina M Piermarini
Officer — EVP Chief Administrative Offic
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 4:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000918581
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value | Mar 31, 2016 | M | 12,500 | $0.00 | A | 106,265 | D | |
| Common Stock, $.01 par value | Mar 31, 2016 | F | 3,306 | $2.11 | D | 102,959 | 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 UnitF3,F4,F5 | — | Mar 31, 2016 | M | 12,500 | D | Mar 31, 2016 | — | Common Stock, $.01 par value | 12,500 | 365,644 | D |
Explanation of responses
- F1Represents shares acquired upon release of restricted stock units.
- F2Represents shares withheld from the released restricted stock units for the payment of applicable income and payroll withholding taxes due on release.
- F3Each Restricted Stock Unit represents a contingent right to receive one share of CIBER, Inc. common stock.
- F4The inducement grant of 150,000 RSUs (the "Inducement Grant"), was made to Ms. Piermarini in agreement with her appointment as EVP & CAO. The RSUs will vest quarterly, beginning with an initial installment that will vest on the date of grant, a second installment that will vest at the end of the first month and continue for a period of 30 months.
- F5RSU converts to common stock over 30 month life (per vesting schedule)