SEC Form 4 · accession 0001104659-17-034925
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 19, 2017
Accepted (ET)
May 24, 2017 · 5:20 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 StockF3,F1 | May 20, 2017 | M | 10,257 | — | A | 433,711 | D | |
| Common StockF4 | May 20, 2017 | F | 3,328 | $4.22 | D | 430,383 | 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,F3 | — | May 20, 2017 | M | 10,257 | D | — | — | Common Stock | 10,257 | 10,257 | D |
| Restricted Stock UnitF1,F2 | — | May 19, 2017 | A | 83,192 | A | — | — | Common Stock | 83,192 | 83,192 | D |
Explanation of responses
- F1Restricted 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.
- F2The restricted stock units vest in three (3) equal annual installments beginning May 19, 2018. 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.
- F3On May 20, 2015, the reporting person was granted 30,772 restricted stock units, vesting in three (3) equal annual installments beginning May 20, 2016.
- F4Of the 10,257 restricted stock shares vesting on May 20, 2017 (see (3) above), 3,328 of these shares were withheld to pay the resulting tax liability.