SEC Form 4 · accession 0001104659-15-040450
INVENTURE FOODS, INC. · SNAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Brian Foster
Officer — SVP-Operations
Period of report
May 14, 2015
Accepted (ET)
May 22, 2015 · 4:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000944508
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F1 | May 14, 2015 | M | 2,586 | — | A | 2,668 | D | |
| Common StockF3 | May 14, 2015 | F | 944 | $9.01 | D | 1,724 | 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 UnitsF1,F2 | — | May 14, 2015 | M | 2,586 | D | — | — | Common Stock | 2,586 | 5,171 | D |
| Restricted Stock UnitsF1,F4 | — | May 20, 2015 | A | 7,250 | A | — | — | Common Stock | 7,250 | 7,250 | D |
| Performance Stock UnitsF1,F5 | — | May 20, 2015 | A | 7,250 | A | — | — | Common Stock | 7,250 | 7,250 | D |
Explanation of responses
- F1Restricted stock convert into Inventure Foods, Inc. common stock on a one-for-one basis.
- F2On June 17, 2014, the reporting person was granted 7,757 restricted stock units, vesting in three (3) equal annual installments beginning May 14, 2015.
- F3Of the 2,586 restricted stock shares vesting on May 14, 2015 (see (2) above), 944 of these shares were withheld to pay the resulting tax liability.
- F4Restricted stock units granted on May 20, 2015, with vesting to occur in three (3) equal annual installments beginning May 20, 2016. Vested shares will be delivered to the reporting person on the date that the restricted stock units become vested and nonforfeitable or within sixty (60) days thereafter.
- F5Performance stock units granted on May 20, 2015. The performance stock units will vest on January 1, 2018. The number of performance stock units subject to vesting is contingent upon achievement of certain performance criteria. The actual number of shares received upon vest may decrease based on achievement of non-GAAP EBITDA targets.