SEC Form 4 · accession 0001104659-17-033545
INVENTURE FOODS, INC. · SNAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry E McDaniel
Officer — CEO · Director
Period of report
May 11, 2017
Accepted (ET)
May 17, 2017 · 8:28 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 StockF1 | May 11, 2017 | F | 5,324 | $4.01 | D | 417,963 | D | |
| Common StockF3,F2 | May 14, 2017 | M | 8,128 | — | A | 426,091 | D | |
| Common StockF4 | May 14, 2017 | F | 2,637 | $4.09 | D | 423,454 | 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 | — | May 14, 2017 | M | 8,128 | D | — | — | Common Stock | 8,128 | 0 | D |
Explanation of responses
- F1On May 11, 2016, the reporting person was granted 49,228 restricted stock units, vesting in three (3) equal annual installments beginning May 11, 2017. Of the 16,409 shares vesting on May 11, 2017, 5,324 of these shares were withheld to pay the resulting tax liability.
- F2Restricted stock units convert into Inventure Foods, Inc. common stock on a one-for-one basis, or at the issuer's option, a cash payment equal to the fair market value of such shares.
- F3On June 17, 2014, the reporting person was granted 24,386 restricted stock units, vesting in three (3) equal annual installments beginning May 14, 2015.
- F4Of the 8,128 restricted stock shares vesting on May 14, 2017 (see (3) above), 2,637 of these shares were withheld to pay the resulting tax liability.