SEC Form 4 · accession 0001225208-17-018674
CBIZ, Inc. · CBZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P Kouzelos
Officer — President, Employee Services
Period of report
Dec 12, 2017
Accepted (ET)
Dec 14, 2017 · 4:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000944148
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | Dec 12, 2017 | M | 35,000 | $5.87 | A | 287,972 | D | |
| Common stockF1 | Dec 12, 2017 | M | 25,159 | $5.87 | A | 313,131 | D | |
| Common stockF2 | Dec 12, 2017 | F | 15,291 | $14.95 | D | 297,840 | D | |
| Common stockF3 | Dec 12, 2017 | S | 35,000 | $14.95 | D | 262,840 | D | |
| Common stockF1 | Dec 13, 2017 | M | 9,841 | $5.87 | A | 272,681 | D | |
| Common stockF2,F4 | Dec 13, 2017 | F | 6,108 | $14.98 | D | 266,573 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF1 | $5.87 | Dec 12, 2017 | M | 25,159 | D | May 22, 2013 | May 22, 2018 | Common stock | 25,159 | 44,841 | D |
| Employee Stock OptionF1 | $5.87 | Dec 12, 2017 | M | 35,000 | D | May 22, 2013 | May 22, 2018 | Common stock | 35,000 | 9,841 | D |
| Employee Stock OptionF1 | $5.87 | Dec 13, 2017 | M | 9,841 | D | May 22, 2013 | May 22, 2018 | Common stock | 9,841 | 0 | D |
| Employee Stock Option | $6.52 | holding | — | — | — | May 9, 2014 | May 9, 2019 | Common stock | 70,000 | 70,000 | D |
| Employee Stock Option | $8.36 | holding | — | — | — | May 14, 2015 | May 14, 2020 | Common stock | 70,000 | 70,000 | D |
| Employee Stock Option | $9.35 | holding | — | — | — | May 15, 2016 | May 15, 2021 | Common stock | 72,000 | 72,000 | D |
| Employee Stock Option | $10.35 | holding | — | — | — | May 10, 2017 | May 10, 2022 | Common stock | 72,000 | 72,000 | D |
| Employee Stock Option | $15.55 | holding | — | — | — | May 10, 2018 | May 10, 2023 | Common stock | 72,000 | 72,000 | D |
Explanation of responses
- F1Exercise and sale of Employee Stock Options granted 05-22-2012 at $5.87 exercise price, expiring 05-22-2018.
- F2Cashless Hold: exercise of options and sale of shares sufficient to cover only exericise price, taxes and fees.
- F3Average price between $14.95 and $15.038.
- F4Average price between $14.95 and $15.02.